Monday, May 17, 2021

France says to lend Sudan US$1.5b to pay off IMF debt

The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. ― Reuters pic
The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. ― Reuters pic

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PARIS, May 17 — The French government will lend Sudan US$1.5 billion to help the African nation pay off its massive debt to the International Monetary Fund as it emerges from decades of authoritarian rule, Finance Minister Bruno Le Maire said today.

“President Macron will confirm later today that France will provide the US$1.5 billion bridge loan to clear Sudan’s arrears to the IMF,” Le Maire said at the opening of an international conference aimed at helping Sudan in its transition to democratic government. — AFP




Source: Malay Mail

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