SUDAN NEWS ALERT: Multiple sources – IMF says it is monitoring developments in Sudan

27/10/2021: Multiple sources – IMF says it is monitoring developments in Sudan

• Reuters

•  AFP

The International Monetary Fund (IMF) said it was following events in Sudan after a military coup that saw the prime minister deposed and major donors suspend aid

"It is premature to comment on the implications of recent events in Sudan, but we are monitoring the developments carefully," a spokeswoman for the Washington-based crisis lender told AFP.

The World Bank and IMF in June granted Sudan debt relief under the Heavily Indebted Poor Countries Initiative, cutting the nation's debt in half to about $28 billion, and the institutions have offered additional help if economic reforms continue. However, following the coup, the US, a key backer of the transition, strongly condemned the military's actions and suspended hundreds of millions of dollars in aid.

The EU threatened "serious consequences" for Sudan's rulers, including financial support.