PARIS (AP) Creditor countries agreed to cancel $14.1 billion of Sudans international debts, praising its economic reforms and efforts to fight poverty.
In a statement Friday, the Paris Club of creditor nations also announced that it rescheduled Sudans remaining $9.4 billion in debt to the group, and held out the possibility of more debt relief in the future.
Sudans overall foreign debt is estimated at $70 billion. The Paris Club, a group of 22 nations that lend to governments in need, urged other lenders to provide similar debt forgiveness.
On his Facebook page, Sudans Finance Minister Gebreil Ibrahim congratulated the Sudanese people on this development, vowing to work on reaching similar or even better agreements with other creditors…
Read the full article at: https://apnews.com/article/europe-middle-east-africa-business-sudan-59e60f3440440ed17aa7ea2ac38376c9
