In the News
Debt Relief - Sudan Clears Hurdles for Debt Relief Agreement

20th May 2021
The IMF is clearing Sudan's $50bn arrears to the institution, and in doing so, hopefully improving Sudan's economic problems.
The country currently has shortages of essential goods, inflation of 300% and a foreign currency shortage - and it is hoped that this will enable the new government to start tackling deep-seated economic problems via the Highly Indebted Poor Countries (HIPC) initiative.
#Sudan is struggling with one of the highest inflation rates in the world and a mountainous debt burden. The country saw a ray of light when the @IMFNews agreed plans to move it towards debt relief. https://t.co/bFKX1eQwSC
— Africa Confidential (@Africa_Conf) May 18, 2021
At yesterday’s #ParisConference world leaders generously committed to support #Sudan on its path to debt relief. This is a critical step in Sudan’s historic political & economic transition. Read @UNDP’s research on how debt relief opens pathways to #dev: https://t.co/bMoSqJYaaD
— Achim Steiner (@ASteiner) May 19, 2021
You might also like

New Resources on Development Economics
9th March 2023

Economic Growth and Development - Vehicle Manufacturing in Rwanda
26th January 2023

Sri Lanka caught in dance between rival geopolitical powers
13th January 2023

Are hedge funds holding up vital debt relief for Sri Lanka
10th January 2023

IMF meetings expose the fragility of the world economy
15th October 2022