SUDAN NEWS ALERT: Reuters -IMF in touch with Sudan but no lending until arrears addressed - official
Reuters reports that The International Monetary Fund (IMF) continues to provide Sudan with technical assistance and policy support, but it cannot offer additional financing because of the country’s arrears, said the director of the IMF’s Middle East and Central Asia department, Jihad Azour.
The IMF in late 2017 estimated Sudan’s arrears to the fund to be $1.3 billion this year, out of a total external debt estimated at $59 billion.
An overhaul of Sudan’s debt is “too premature”, said Azour, “because this would require the removal of the [US-imposed] sanctions. Technically it is not something that you can achieve now.”