IMF and World Bank Consider Sudan Eligible for Assistance Under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative – International Monetary Fund

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March 26, 2021 Washington, DC: The Executive Boards of the World Bank and International Monetary Fund (IMF) met on March 23 and 26, respectively, to consider Sudans eligibility for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The Executive Boards commended the authorities sustained commitment to economic and institutional reforms under challenging…

IMF and World Bank Consider Sudan Eligible for Assistance Under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative – World Bank Group

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WASHINGTON, March 26, 2021The Executive Boards of the World Bank and International Monetary Fund (IMF) met on March 23 and 26, respectively, to consider Sudans eligibility for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The Executive Boards commended the authorities sustained commitment to economic and institutional reforms under challenging circumstances and…

Debt relief will be distributed as quickly, carefully as possible, says Vilsack – Successful Farming

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The USDA will disburse up to $4 billion in Biden-backed loan forgiveness to minority farmers as speedily as possible, said Agriculture Secretary Tom Vilsack at the first-ever House Agriculture Committee hearing on the state of Black farmers. Farm state Republicans said the debt relief, intended as compensation for decades of racism, was itself discriminatory because…

Sudan closer to debt relief with U.S. loan to clear World Bank arrears – Reuters

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WASHINGTON/KHARTOUM (Reuters) – Sudan has settled its debts with the World Bank after nearly three decades, moving the heavily indebted African country closer to a much-needed international debt-relief package, the World Bank, U.S. Treasury and IMF said on Friday. World Bank President David Malpass attends the “1+6” Roundtable meeting at the Diaoyutai state guesthouse in…