Home | Keywords | Subject | Economics & Development | International Debt

International Debt

Most of Sudan’s debt dates back to the days of late president Ja’afar Nimeiri. It grew from $9 billion in 1985 to approximately $41 billion in 2012. The majority of it is owed to the Arab Gulf states of Saudi Arabia and Kuwait.

In 2012 Sudanese finance minister, Ali Mahmood Abdel-Rasool, disclosed that Sudan pays $600 million in debt repayments to Arab sovereign funds which he said is a tiny fraction of the overall external debts with interest.

The International Monetary Fund (IMF) released figures in September 2012 showing that Sudan’s debt will reach $45.7 billion in 2013 up from $39.5 billion in 2010.

The government in Khartoum is legally obligated to honor the entire debt despite the secession of South Sudan in July 2011 following the results of a referendum held six months prior to that under the terms of the 2005 Comprehensive Peace Agreement (CPA) which allowed Southerners to decide whether to remain united with the north or create their own independent state.

Sudan in South Sudan signed an agreement in Addis Ababa in September 2012 that Khartoum and Juba will work jointly to seeking debt relief from international creditors. If these efforts are unsuccessful the two sides will sit down again to decide on how to split the debt.




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


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Splits in Sudan’s liberation movements and questions of the future: Different Personalities Same DNA 2017-10-22 21:22:08 By Malik Agar Eyre Nganyoufa A split is a process of fragmentation of a coherent movement or political party. Historically, many, if not all, armed resistance movements have experienced (...)

Reflections on the SPLM-Ns 2017-10-18 20:15:33 By Mohamed Yassin It is sad, weird and ugly that some comrades reduced the vision of the SPLM to the SPLM-N standing for North, as a compromise. Its adaptation, it was bitterly adopted in an (...)

Do we have leaders in South Sudan or murderers? 2017-10-15 04:13:20 By Peter Gai Manyuon According to different scholars globally, leadership style is the way a person uses power to lead other people. More so, scholars have also identified a variety of (...)


MORE






Latest Press Releases


Reactions to government agencies’ conspiracy against Greater Bor community 2017-10-08 07:54:31 October 7, 2017 A monkey business or a donkey business in the government of the republic of South Sudan against the citizens is unacceptable. Therefore, we as youth of Greater Bor in diaspora (...)

Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)

New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.