IMF announces financing plan aimed at Sudan debt relief ...Kuwait

The amount of the financing was not disclosed, but the IMF and World Bank put Sudan's total external debt at an estimated $49.8 billion as of the end of 2019. The IMF executive board on Monday approved a financing plan "to cover its share of debt relief to Sudan," Managing Director Kristalina Georgieva announced. "This marks a critical step in helping Sudan advance the process of normalizing relations with the international community," Georgieva said, adding that the "plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from IMF internal resources." The amount of the financing was not disclosed, but the IMF and World Bank put Sudan's total ex

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IMF announces financing plan aimed at Sudan debt relief ...Kuwait

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