Sudan crosses last hurdle towards debt relief - Sudanese off ...Kuwait

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Sudan crosses last hurdle towards debt relief - Sudanese off
source : The New Arab ( Kuwait ) () 25
The International Monetary Fund's executive board has decided that Sudan has reached the decision point for the Highly Indebted Poor Countries (HIPC) initiative, a Sudanese finance ministry official said late on Monday, meaning the country can begin receiving relief on its more than $50 billion in debt. A quarter of a century after the IMF and World Bank launched their HIPC debt relief program, Sudan is the penultimate economy to come through the process, and "by far the largest case in absolute terms," an IMF official said last month. As part of the so-called decision point, the IMF is expected to announce an extended credit facility for Sudan - one of Africa's larges

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