Washington, DC: IMF Managing Director Kristalina Georgieva today announced that the International Monetary Fund has secured sufficient financing pledges to allow the Fund to provide comprehensive debt relief to Sudan. 101 IMF member countries have pledged to provide more than SDR 992 million (US$1,415.7 million) in financing. This will enable the clearance of Sudans arrears to the IMF, allow for the provision of new Fund financing, and facilitate the delivery of the HIPC Initiative and other debt relief to Sudan.1 This will also help unlock significant amounts of development assistance and create the conditions for higher and more inclusive growth in Sudan.
Ms. Georgieva welcomed this important breakthrough, noting: Todays financing…
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