Page 5 - Completion Point News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Download logoThis payment of EUR 13.5 million to the national treasury is part of a EUR 92.9 million budget support and debt relief programme for Somalia

IMF has warned that the country could lose confidence of international lenders.

The East African Friday July 02 2021 Advertisement   The move announced by the IMF under the ‘decision point’ step means Sudan has become the 38 th country in the world to obtain debt relief under a scheme known as Heavily Indebted Poor Countries Initiative [HIPC] by the IMF and the World Bank. Khartoum qualified for $23.5 billion debt relief initially and could qualify for more if it follows all the conditions IMF has set. The scheme is often granted to poor countries to enable them sustain debt while providing crucial services to the public. External debt, for Sudan, had been major obs...