The IMF on Tuesday approved a $2.5 billion loan for Sudan, and with the World Bank sealed a landmark deal that unlocks nearly $50 billion in debt relief for the impoverished African nation.
The announcement came after the International Monetary Fund finalized an agreement with 101 donor countries allowing Sudan to clear roughly $1.4 billion in arrears to the Washington-based lender — the key hurdle to allow access to fresh aid.
Payment of the arrears is the “decision point” that allows access to d…
Read the full article at: https://www.theaustralian.com.au/news/latest-news/imf-approves-25-bn-loan-debt-relief-deal-for-sudan/news-story/7737b0d31ea838504fff1b76d773bf09
