WASHINGTON, June 29, 2021The Executive Boards of the World Bank’s International Development Association (IDA) and the International Monetary Fund (IMF) have determined that Sudan has taken the necessary steps to begin receiving debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Sudan is the 38thcountry to reach this milestone, known as the HIPC Decision Point.
Debt relief will support Sudan in implementing essential reforms to improve the lives of its people by allowing the freeing up of resources to tackle poverty and improve social conditions. Sudans external public debt will be irrevocably reduced through HIPC debt relief and other debt relief initiatives anchored to the HIPC initiative – by more than…
Read the full article at: https://www.worldbank.org/en/news/press-release/2021/06/29/sudan-to-receive-debt-relief-under-the-hipc-initiative
