Page 5 - உலகம் வங்கி சர்வதேச வளர்ச்சி சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Brief Analysis Since experiencing major upheaval and demands for change in 2019, the country has achieved real gains in its political transition, but it needs serious American assistance to safely advance the fragile process. On June 29, the executive boards of the IMF and the World Bank’s International Development Association approved Sudan’s eligibility for debt relief under the Enhanced Heavily Indebted Poor Countries Initiative (HIPC). In announcing the decision, the IMF lauded the reforms and other steadfast efforts Sudan’s interim government has taken just to meet the tough prerequisites for such relief, particularly during the COVID-19 pandemic. On the surface, this news was both startling and heartening. If fully implemented within the next three years, the move will decrease Sudan’s international debt by roughly 90%, from about $56 billion to $6 billion or from 163% of the country’s GDP to 14%. Around half of that relief will be granted immediately. By clearing

United statesUnited arab emiratesBlue nileAn nil al azraqNuba mountainsJanub kurdufanAl khartumJabal marrahShamal darfurWorld bankDistrict of columbiaGharb darfurOmar al bashirHassabu abdel rahmanAbdalla hamdokGebreil ibrahim