Sudan will sell its Special Drawing Rights at IMF, says finance minister ...Sudan

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Sudan will sell its Special Drawing Rights at IMF, says finance minister
October 23, 2022 (KHARTOUM) –Finance Minister Gibril Ibrahim announced that his government plans to sell Sudan’s Special Drawing Rights (SDR) to the International Monetary Fund (IMF) as the country has no sufficient resources to fund its programmes. Sudan has the equivalent of one billion dollars of SDR, which is part of a loan of 2.4 billion dollars approved by the IMF on June 29, 2021. the remaining 1.4 billion dollars served to pay off its debts to the Fund. The loan was agreed upon within the framework of international efforts to support the civilian government to become eligible to benefit from the Heavily indebted poor countries (HIPC) initiative after 30 years of international isolat

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