Home | News    Friday 18 October 2019

Bulk of Sudan’s debt owed to Paris Club: World Bank

separation
increase
decrease
separation
separation

October 17, 2019 (KHARTOUM) - Most of Sudan’s external debt is owed to members of Paris Club comprised of creditor nations, a World Bank (WB) official said.

JPEG - 15.2 kb

The issue of debt has been a thorn in the side of Sudan policymakers for decades but the burden has since grown to alarming levels as percentage of the country’s GDP.

Because of debt arreats as well as inclusion in list of states that sponsor terrorism, Sudan has been unable to tap the International Monetary Fund and World Bank for support.

Carolyn Turk, country Director for Ethiopia, Eritrea, Sudan and South Sudan in told Sudan Tribune on Thursday that Sudan’s aggregate debt is now around $50-60 billion.

The official was reacting to a recent press report which quoted her as saying that Sudan’s external debt amounted to $16 billion.

"Sudan’s external debt is $50-60bn, not $15-16bn. This debt is mostly to Paris Club countries. The arrears to multilateral organizations is much smaller," she said.

The toppling of president Omer Hassan al-Bashir last April offered new hope for Sudan to end three decades of isolation and being shunned as a pariah state.

Last month, France announced it will host a conference with Sudan’s international creditors to look into debt relief as soon as the US removes Sudan from the terrorism list.

The head of Sudan’s transitional government Abdulla Hamdok expressed optimism about a speedy decision by Washington on the terrorism designation.

(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


War crimes, post-traumatic stress disorder and reconciliation in South Sudan 2019-11-21 12:09:50 By Roger Alfred Yoron Modi Recently I wrote several damning Facebook posts about others and republished my article titled “Collusion and Harmful Actions against South Sudan Peace Process” in which (...)

South Sudan: parliamentary or presidential system 2019-11-20 11:27:09 By Jacob K. Lupai This article on the parliamentary system in comparison with the presidential system with reference to South Sudan sets out to answer the question: is parliamentary or (...)

What federal system is suitable for South Sudan? 2019-11-12 11:06:55 By Dr Jacob K. Lupai* Introduction Federalism is seen as a constitutional arrangement for dividing power between different levels of government so that federated states, regions or provinces can (...)


MORE






Latest Press Releases


S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)

Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.