The amount of the financing was not disclosed, but the IMF and World Bank put Sudans total external debt at an estimated $49.8 billion as of the end of 2019.
A file picture shows International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaking in Washington. (REUTERS)
WASHINGTON The IMF executive board on Monday approved a financing plan to cover its share of debt relief to Sudan, Managing Director Kristalina Georgieva announced.
This marks a critical step in helping Sudan advance the process of normalizing relations with the international community, Georgieva said, adding that the plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from IMF inte…
Read the full article at: https://thearabweekly.com/imf-approves-financing-plan-aimed-sudan-debt-relief