Sudan hopes to entice investors and secure pledges to pay off its arrears to the International Monetary Fund at a conference in Paris on Monday, paving the way for wider relief on external debt of at least $50 billion. Sudan built up huge arrears on its debt, but recently made rapid progress towards having much of it forgiven under the IMF and World Bank’s Highly Indebted Poor Countries (HIPC) scheme. If IMF members pledge to cover Sudan’s $1.33 billion in arrears to the fund, it is expected to move forward to a “decision point” that would unlock the HIPC process in June and allow Sudan access to cheaper international financing. Sudan recently cleared arrears to the World Bank and the Africa
Hence then, the article about sudan seeks debt relief pledges investment at paris conference was published today ( ) and is available onEGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Sudan seeks debt relief pledges, investment at Paris conference )