Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Washington, IMF Call for Easing Debts of Sudan


Mon 12 Apr 2021 | 10:31 PM
Ahmed Moamar

The United States of America (USA) and the International Monetary Fund (IMF) have urged more than 20 countries across the world to offer full support to ease the debts of Sudan.

They affirmed that Khartoum achieved noticeable progress in implementing economic reforms.

US Treasury Department revealed that Andy Bicol Under –Secretary of Treasury and  Donald Bothe, US Envoy to Sudan mounted a virtual meeting with representatives of more than twenty countries of members of Paris Club.

The meeting aimed at supporting Sudan's efforts to get an easing of its debts within the frame of the initiative of alleviating debts of the saddled countries with hefty debts.

It is worth noting, that the USA offered $ 1.15 billion to Sudan by the end of March to support it to pay for debts to the World Bank.

The IMF and the World Bank estimate Sudan's debts at $ 49.8 billion at the end of 2019.

The two international institutions say that Sudan becomes qualifies to get aids according to the initiative of helping the heavily indebted countries.

On the other hand, Pope Francis II, Pope of the Vatican and head of the Catholic Church, said that poor countries that are affected by percussions of the Coronavirus ( known also as COVID-19) need to ease their debts and give them a larger role in making the world's decision.

The Pope stressed that the pandemic compelled the world to deal with social, economic, environmental, political crises.

He assured that the idea of recovery couldn't depend on returning to an unjust model and unsustainable in economic and social life.

He warns that a minority of the population of the world acquires half of the global resources.

He asked the developed countries to ease the debts of poor nations that are worse affected by the pandemic.

However, the International Monetary Fund has warned that the unbalance distribution of resources between various parts of the world was worsened by COVID-19 which may lead to eroding confidence in governments.