IMF says Sudan crosses last hurdle towards debt relief ...Middle East

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IMF says Sudan crosses last hurdle towards debt relief
source : Devdiscourse ( Middle East ) () 52
The International Monetary Fund's executive board has decided that Sudan has reached the decision point for the Highly Indebted Poor Countries (HIPC) initiative, it said in a statement on Tuesday, meaning the country can begin receiving relief on its more than $56 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.

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