07 Jan 2021 / 02:29 H.
WASHINGTON, Jan 6 (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Wednesday signed an agreement to provide Sudan a bridge loan to clear the $1.2 billion the African country owes in World Bank arrears, allowing Sudan to access new World Bank financing.
The Treasury said in a statement that the loan would be granted once Sudan implements the conditions agreed upon under a bilateral memorandum of understanding and with the World Bank.
A World Bank spokesperson could not be immediately reached for comment on next steps.
The bridge loan is part of a U.S. aid package to Sudan that comes after the United States removed the country from its state sponsor of terrorism list in late December.
U S Treasury signs loan deal to clear Sudan s $1 2 billion World Bank arrears
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