Home | News    Monday 13 March 2017

World Bank to discuss Sudan’s debt relief next April

separation
increase
decrease
separation
separation

March 12, 2017 (KHARTOUM) - A round-table meeting will be held at the World Bank (WB) headquarters in Washington next April to discuss Sudan’s debt relief, Finance Minister Badr al-Din Mahmoud said on Sunday.

JPEG - 15.2 kb

At the end of 2015, Sudan’s external debt amounted to about $50 billion approximately, including an estimated $1.6 billion deposited in the Central Bank.

Speaking after a meeting with Xavier Furtado, World Bank Group Country Representative to Sudan, Mahmoud annouced the upcoming meeting and called to include all the senior creditors, adding that Khartoum prepared the information and data about the debt, and also will present a paper to the meeting.

The minister further called on the World Bank to support Sudan’s efforts to normalise its financial relationship with the international system, U.S. banks, and facilitate remittance operations and trade exchanges.

For his part, Furtado said the meeting would discuss the Sudan’s normalisation process with the international financial system and ways to support refugees in Sudan.

The debt relief process requires the unanimous consent of all 55 countries in Paris Club.

Khartoum and Juba have agreed to work jointly to seek debt relief from creditors and if that fails will sit down to see how it can be divided.

(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.

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


Darfur, the most ‘successful’ genocide in a century 2017-04-21 23:16:47 By Eric Reeves The Darfur region of western Sudan has been recognized since 2004 as the site of genocide since 2004 by dozens of political officials and bodies (including the U.S. Congress and (...)

Open Letter to AU and IGAD: Festus Mogae be relieved and JMEC disbanded 2017-04-21 23:12:39 By Dak Buoth It is an opportune time for President Festus Mogae, the Chair of the Joint Monitoring and Evaluation commission (JMEC) to pack and go back where he came from. And if he so wishes to (...)

The Nile Basin In Transformation: research uptake and what’s at stake? 2017-04-20 14:55:55 Mohamed s. M. Yassin (Ph.D) The Nile basin territories have witnessed huge transformation since prehistoric era and continue to be subjected to enormous transformations. The transformations (...)


MORE






Latest Press Releases


HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)

Statement by South Sudanese Communist Party on the National Dialoguel 2017-03-22 05:44:42 The Communist Party of South Sudan On the Initiative of the National Dialogue The initiative taken by the President of the Republic of South Sudan declaring a need for a national dialogue is an (...)

An Appeal to President of the Republic of South Sudan 2017-03-15 07:22:45 Dear. Mr. President, I write to appeal to you for the release of political detainees now in the custody of the National Security Service at Jebel and other detention facilities. In doing this, I (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.