Sudan poised for revival after debt relief pledges, but China’s not on board yet
Sudan receives assurances that billions of dollars of external debt may be cancelled
Sudan got assurances billions of dollars of external debt will be cancelled after the clearing of its arrears with the International Monetary Fund (IMF), a boost for the impoverished African country emerging from decades of dictatorship.
France, Germany and Norway were among countries signalling their readiness to forgo repayment at a Monday conference in Paris that showcased Sudan’s return to the international community. The removal of IMF arrears, facilitated by a $1.5bn bridge loan from France, clears the way for Sudan to get relief from global creditors under the Highly Indebted Poor Countries initiative, or HIPC...
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