SUDAN NEWS ALERT: Radio Dabanga - Friends of Sudan agree on financing 2020 budget and debt relief

1/11/19: Radio Dabanga - Friends of Sudan agree on financing 2020 budget and debt relief

 Radio Dabanga’s report on Sudanese Finance Minister Ibrahim Elbadawi’s announcement that an agreement was reached with the Friends of Sudan about debt relief, provided more details on Sudan’s 2020 budget.

 Elbadawi explained that the budget will be based on the UN Sustainable Development Goals, “with a focus on education, health, and social services.” The agreement also ensures that the budget will be based on macroeconomic stabilisation, reliance on available resources, and strengthening of monetary and exchange rate policies.

 In addition, Sudan will not have to pay any of its huge debts next year, but will engage in negotiations on debt relief with the World Bank and the African Development Bank scheduled to begin March. The negotiations will be based on Sudan’s sustainable development programme.