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Sudan pleads with UK for debt relief

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July 23, 2009 (KHARTOUM) —Britain needs to play a “positive” role to resolve the debt issue and achieve development, a Sudanese official said.

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Sudanese Finance Minister Awad Ahmed Al-Jaz (AFP)

The Sudanese minister for finance and national economy Awad Al-Jaz made the remarks during his meeting with Mark Lowcock, Director-General of the Country Programmes Division at the UK Department for International Development.

Al-Jaz said that Sudan is keen on building confidence and laying the groundwork for development to strengthen peace and unity. He pointed out to efforts by his government in the area of macroeconomics citing International Monetary Fund (IMF) reports.

The Sudanese official urged Britain to work on settling the debt saying it is a burden on the economy adding that the surge in debt was a result of interest rates and servicing costs.

An IMF report released this week Sudan’s debt to have increased by a stunning $15 billion in 2000 to about $34 billion due to a “further buildup of arrears to Paris Club and non-Paris Club creditors….and new drawings from Arab multilateral and bilateral creditors, as well as from China and India”.

Sudan informed the IMF that it in light of Sudan’s difficult foreign exchange position their debt repayments to the fund will be at $10 million for 2009 compared to a total of $50 million in 2007 & 2008.

Al-Jaz briefed Lowcock on Sudan’s priorities in terms of development and improving the economy’s capabilities. He invited UK to explore investment opportunities in Sudan.

The UK minister was quoted as expressing interest in continuing dialogue with Sudan promising to cooperate to reach a new stage in peace and development.

(ST)

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  • 24 July 2009 08:35, by Gatbentiu

    Can the minister show us where they are doing development?
    If these people are not implementing CPA,I don’t know why Britain should relief Sudan’s debt.

    dholbentiu@gmail.com

    repondre message

    • 24 July 2009 09:32, by Ajang Aguer Pageer

      Awad himself was the one who declared at the beginning of the recession that Sudan would not be affected by the economic downturn,so what is the point of him taking a ’begging bowl’ to the U.K that Al-Bashir keeps on blasting?

      On the other hand,is the south following the situation keenly?This is worrying because the north is accumulating debts that will be ’shared’ by both the north and the south if the south becomes independent in 2011!I hope the response will not be shedding of tears as it’s for the case of Abyei ruling,instead,authentic records should be kept.

      repondre message

      • 24 July 2009 10:56, by David Deng Makuei Nhial

        Hi Hawad ,
        Shut up don’t even mention attractivity of the Sudan in relation to Development, how many times did your Government recieved Develpomentaal Funds from various Aids Agencies without any single project funed in the South of your Country if at all we are one eg Numle Power. Mind you, we in the South are just waiting for 2011 inorder to avoid further dispropotion of devepment and try by our own,

        I know the enemie of South Sudan within will not like this comments because they are conciouselly blinded and always see the nearer obscales but they should bear in mind that being an opposionist does not mean forgetting your own self in favour of your people’s enemies ,whom could we rule if we all become rulers? Answer is no, there is chance to every citizen and position by level to all of us as our own bodies tells us eg Without legs no one could walk and without eyes no one could see, so lets be happy and apprecaite all kind of positions granted to any of us and correct each other positivel not negatively; lets learn from South Africa .

        repondre message

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