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Sudan to continue the liberalisation of its economy

Sudan’s Minister of Finance and Economic Planning, Dr Jibril Ibrahim, announced yesterday that his ministry would continue to adopt liberalisation policies “until the Sudanese economy recovers from the distortions it has long suffered from”. Ibrahim admitted that citizens would initially suffer from those policies but promised that ‘ordinary people’ would benefit from economic reforms. ....

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MIL-OSI Economics: Managing Director Georgieva's Opening Remarks at the Sudan Conference

MIL-OSI Economics: Managing Director Georgieva's Opening Remarks at the Sudan Conference
foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.

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Sudan officially clears AfDB arrears: statement

May 12, 2021 (KHARTOUM) - The African Development Bank (AfDB) announced today that the process to clear Sudan's arrears has been officially completed. "The clearance of Sudan's arrears was made possible with the support of the United Kingdom government through bridge financing of GBP148 million to clear Sudan's arrears to the African Development Fund. Sweden provided grant financing of about $4.2 million to meet Sudan's burden-share for the. ....

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IMF takes 'critical step' towards Sudan's debt relief

May 11 - 2021
KHARTOUM / WASHINGTON D.C.
IMF logo (IMF)
The International Monetary Fund s (IMF) executive board approved a financing plan yesterday that will help mobilise the resources needed for the IMF to cover its share of debt relief to Sudan . A critical step according to IMF Director Kristalina Georgieva. Meanwhile, Sudan prepares for the Paris conference on investment in Sudan.
In a statement issued yesterday, Georgieva explained that the plan relies on a broad effort of IMF member countries , which includes cash grants and the IMF s internal resources.
“This marks a critical step in helping Sudan advance the process of normalising relations with the international community and make progress towards achieving debt relief under the Heavily-Indebted Poor Country (HIPC) Initiative , Georgieva said. ....

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Sudan inches closer to debt relief after second IMF review

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The International Monetary Fund (IMF) said it reached a staff-level agreement with Sudan, a step that brings the North African country closer to debt relief.
A sustained strong performance under the staff-monitored programme is one of the requirements for Sudan to reach the decision point to qualify for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative, the Washington-based lender said in a statement.
“Despite very challenging conditions which are exacerbated by the Covid-19 pandemic, the Sudanese authorities continue to make sustained progress on their ambitious reform agenda, Carol Baker, head of the IMF mission, said.
The agreement that follows completion of the fund s second and final review under the staff-monitored programme is subject to approval by IMF management, according to the statement. ....

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