* Sudan’s debt burden unusually large
* Country stuck in deep economic crisis
* Government struggling to finance imports
* Prime minister hails ‘big day’ (Recasts with $2.5 billion in new funding)
By Nafisa Eltahir, Karin Strohecker and David Lawder
June 29 (Reuters) – Sudan received approval from the International Monetary Fund on Tuesday for relief on more than $56 billion in debt and new IMF funding of $2.5 billion over three years.
The IMF has accepted the East African country into the Highly Indebted Poor Countries (HIPC) initiative based on the country’s commitment to macroeconomic reforms, it said, meaning Sudan can finally access debt forgiveness and new funds. Sudan is the penultimate candidate for the IMF-World Bank progr…
Read the full article at: https://finance.yahoo.com/news/1-sudanese-official-imf-executive-231359006.html
