The Executive Board of the International Monetary Fund approved a financing plan to cover its share of the Sudan debt relief program.
The Director of the Monetary Fund, Kristalina Georgieva, said, "This step represents a decisive direction towards helping Sudan to advance the process of normalizing its relations with the international community," stressing that "the plan depends on a broad effort by the member states of the International Monetary Fund, which includes providing cash donations and contributions from the internal resources of the IMF."
Georgieva stressed that "debt relief for Sudan is a priority for the International Monetary Fund."
She said, "I am encouraged by the support of our members and recognition of the progress made, and from this standpoint, debt relief will begin to be approved as soon as the members pledge to pay the necessary financial obligations, on the condition that the authorities continue their reform efforts and fulfill the other requirements stipulated in the Enhanced Heavily Indebted Poor Countries Initiative.”
The United States announced that it would provide $ 1.15 billion in financial aid to Sudan, in support of the transitional government.
Source (Al-Arabiya.net, Edited)
