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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- In the News
- Debt Relief
- International Monetary Fund (IMF)
- East African Community (EAC)
- 2020 Global Economic Crisis
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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