Home | News    Friday 7 February 2014

IMF delegation in Sudan for talks on debt relief


February 6, 2014 (KHARTOUM) – Sudan’s Central Bank Governor Abdel-Rahman Hassan Abdel-Rahman discussed on Thursday with a mission from the International Monetary Fund (IMF) the implementation of a program prepared by the IMF at the request of Khartoum as one of the requirements needed for considering debt relief.

JPEG - 13.3 kb
Sudan Central Bank governor Abdel-Rahman Hassan (Ashorooq TV)

According to a bank circular, the two sides discussed Sudan’s economic policies, central bank policies and the 2014 program along with Sudan’s foreign debt situation and the prospects for relief.

The governor urged the IMF to assist in debt relief noting that countries in similar situation benefited from such initiatives.

The meeting also discussed technical support provided by the IMF and its contribution to the qualitative performance of the Central Bank with the governor caling for more support to improve it further.

Sudan’s external debt is estimated to have grown by 27% since 2008 from $32.6 billion to $41.4 billion in 2011.

The International Monetary Fund (IMF) said in a report released last November that Sudan’s debt will hit $44.7 billion in 2013 which amounts to 85% of its Gross Domestic Product (GDP).

Last year, the deputy director of the Middle East and Central Asia department at the IMF, Edward Gemayel, warned that it will be near impossible for Sudan to secure debt relief even if it satisfied technical and economic requirements.

Gemayel, who led a delegation to Khartoum, went on to say that Sudan won’t be able to benefit from the Heavily Indebted Poor Countries (HIPC) initiative despite fulfilling its conditions unless it succeeds in convincing all 55 members of the Paris Club creditor nations whom he said have the power to slash 67% of conventional debt owed by Sudan

Last month, the British Minister for Africa Mark Simmonds said that resolving Sudan’s debts is contingent upon Khartoum approving poverty reduction strategy which means the ball is in its court.


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.

Comment on this article


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

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

South Sudan strives to build democracy 2015-10-11 22:45:54 By Salva Kiir Mayardit Just five years ago, as dawn unfolded on January 9, 2011, millions of South Sudanese took the final steps on our seventy-year journey to independence. By barge and bus, on (...)

SOUTH SUDAN: peace or genocide? 2015-10-07 12:59:30 By Richard Moula President Salva Kiir of South Sudan has once again declared a war of genocide and ethnic cleansing on the small ethnic tribe of Moru in Western Equatoria. As from 16th (...)

G-10 critique of establishment order is a complete baloney 2015-10-07 12:59:22 By Gordon Buay Muolana John Luk must be joking to argue that the Establishment Order that created the 28 states violated South Sudan Transitional Constitution without admitting that the (...)


Latest Press Releases

S. Sudan civil society groups to the 28 states issue to constitutional body 2015-10-08 17:26:10 South Sudan Civil Society Organizations Submission on the Creation of 28 States in the Republic of South Sudan Press Statement For immediate Release 8th October 2015 Following the announcement (...)

Sudan Democracy First Group Statement on The International Day for Democracy 2015-10-01 22:18:58 22 September 2015 Sudan Democracy First Group (SDFG) commemorated on 15 September 2015 the International Day for Democracy, which the United Nations (UN) marks as a day to encourage governments (...)

Ambassador Buay congratulates South Sudanese diplomats for blocking sanctions 2015-09-19 00:20:30 SOUTH SUDAN DIPLOMATS IN MOSCOW SHOULD BE CONGRATULATED FOR PERSUADING THE FEDERATION OF RUSSIA TO BLOCK SANCTIONS For Immediate Release 9/18/2015 The people of South Sudan are extremely (...)


Copyright © 2003-2015 SudanTribune - All rights reserved.