Home | News    Thursday 10 February 2011

Sudan is Libya’s largest debtor, document shows

separation
increase
decrease
separation
separation

February 9, 2011 (KHARTOUM) – Sudan owes more than $1 billion to Libya making it the country’s largest debtor, according to a document obtained by Reuters.

JPEG - 40.5 kb
FILE - Sudanese president Omar al-Bashir, right, receives Libyan leader Muammar Gadhafi upon his arrival at the Khartoum International Airport in Khartoum, Sudan, Tuesday, Dec. 21, 2010 (AP)

The document, drafted by Libya’s foreign ministry and presented to the Peoples Congresses, or grassroots lawmaking bodies, says Libya has provided loans to around 40 countries worth a total of $2.197 billion.

As of the end of 2009, Libya had been paid back $1.302 billion, leaving an outstanding balance, when interest is included, of $3.231 billion, it said.

Of that, $1.287 billion, belongs to Sudan though it is not clear when Khartoum acquired that debt.

According to the document, both countries held a meeting in 2009 to resolve the matter but it failed to reach an agreement on repaying the loans.

Sudan is pressing the international community to forgive its $37.8 billion, most of which is owed to the Arab Gulf states of Saudi Arabia and Kuwait.

The issue of national debt is a sticking point between the North and soon-to-secede South with regards to how to divide it among them.

South Sudan insists that it should not bear any of the debt on the grounds that it was not used for any development in the region but was utilized by the North.

However, both sides appear agreed on the need for help by the international community to alleviate the debt burden. So far none of Sudan’s major creditors offered relief.

"We are seeking to have (all of Sudan’s) ... loans forgiven because we believe that both governments, the Government of Sudan and the would-be Government of South Sudan, would not be in a position to repay these loans in the near future," Marial Awour, the Sudanese junior minister of finance, told Reuters.

The British ambassador to the United Nations Mark Lyal Grant in a response to a question today said his government will look for ways it can assist on the issue of debt.

The Obama administration promised similar assistance to reward Sudan for conducting smooth and peaceful referendum.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 10 February 2011 09:19, by Peter Mading

    I hope South Sudan was not part of this huge debts. Bashir should give detailed explanatory on that. After the signing of the Peace Agreement South was given a share in oil revenue acured from the South to be 50% which did not happen for the South to get allocated 50%. Instead of the 50% South was cheated and given less minimum of 26% of the Oil revenue.

    Unless it is the Arabs’ tactics to still find more chances on how to graspsed or steal South Sudan resources for themselves.

    Why revealing the outstanding debts at this time when South and North have not settled outstanding issues of the CPA?

    My Dear Southerners, take note of this kind and be prepared during the negotiation of the remainings parts of the Comprehensive Peace Agreement. See, they are teaming up just to get your resources by all means.

    North had stored Oil for their upkeep to last them for 70 years and wanted to fill the gap by this tactic that will last them for 100 years.

    This is unbelievable debt.

    repondre message

    • 10 February 2011 10:09, by Xeno

      Simple as this: debts that were incurred by Sudan before the last 5 yrs have nothing to do with ROSS. As flashback, 1991-2000 time lag was times when Kartuom was obtaining weaponry of all capacity intended to crush the SPLA and who supported it in South Sudan. Do you think these weapons were made in Sudan? Hell no. Those arms, still being used in Darfur, were loaned to Sudan for future payments and now time has come for the owners to ask their[whoever they are] money.

      repondre message

  • 10 February 2011 13:45, by Chanson

    So good so far Mr. Bashir war is always expensive .You see now!! what is happening to you as the head of the country(North).Sir we are sorry that amount there was aresults of finishing the SOUTHERNERS during war time and the rest of the amount was for your development in the North region.Which tell us that, South need nothing to do with that in the future (In coming 9 july 2011).

    I think we (South) are out of that Sir.Just see the way how you can convince Libya,s government to forgive that amount Otherwise I can see a dark future of the north Sudan in your face.

    repondre message

  • 10 February 2011 21:22, by Padiet Deng Alony

    From 1983 upto 2005 South Sudan knows nothing about the loans northerners are talking. GOSS and GONU knows only 6 years of interim period if there were any loans taken in consultation with GOSS, if not then GOSS don’t know that debits and is not involved.

    All those loans were taken by Khartoum successive regime to buy weapons so that they fight South with them and develope the north only.
    Therefore, it is only north taking that burden.

    repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Sudan’s removal from terror list taints U.S. values 2018-11-10 08:34:32 November, 9th, 2018 The Honorable Michael Richard Pompeo Secretary of State U.S. Department of State 2201 C St NW, Washington DC 20520 USA RESPONSE BY SUDAN LIBERATION MOVEMENT (SLM/A-AW) TO (...)

R-ARCISS: A Peace that divides the signatories and non-signatories 2018-11-10 07:58:28 By Tito Awen, Juba-South Sudan I keep wondering if peace can divide or unite the partners. I am not so young nor unmindful not to have known what happened after signing of the Comprehensive (...)

U.S. Move Ignores Sudan’s Abuses Against its Own People 2018-11-09 06:56:11 U.S. Considers Lifting Sudan’s ‘Terror State’ Designation By Jehanne Henry With all eyes on mid-term elections in the United States, almost no one noticed that on the same day the US State (...)


MORE






Latest Press Releases


Progress observed at end of second month of R-ARCSS implementation 2018-10-22 06:44:02 Press Release 21 October 2018 South Sudanese government released 24 detainees in the implementation of the revitalized peace agreement said the International Committee of the Red Cross (ICRC) (...)

4th Annual Tony Elumelu Foundation Entrepreneurship Forum Announced for 25th October 2018 2018-10-15 12:38:14 PRESS RELEASE OCTOBER 14, 2018 Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its (...)

Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.