Official: Sudan seeking debt relief from Gulf Arab nations ...Egypt

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CAIRO (AP) — Sudan will seek relief from wealthy Gulf Arab nations, aiming to get as much as 60% of the African country’s $30 million in debt to them written off, the Sudanese finance minister said. The announcement late Sunday by the minister, Gebreil Ibrahim, came after cash-stripped Sudan received a $14.1 billion debt relief from the Paris Club of creditor nations last week. Ibrahim said Khartoum would also ask Saudi Arabia, the United Arab Emirates and Kuwait to reschedule Sudan’s remaining debt for 16 years. The talks would also focus on a six-year grace period for debt payments, he said. The Paris Club, a group of 22 nations that lend to governments in need, on Friday urged other lende

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Official: Sudan seeking debt relief from Gulf Arab nations ...Egypt

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