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
- Economics
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Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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