Bloomberg
Sudan aims to clear a “substantial portion” of its $60 billion foreign debt by the end of July, Finance Minister Gibril Ibrahim said, a key step in the beleaguered African nation’s economic revival.
The government is likely to officially clear its arrears with the International Monetary Fund by July 1, fulfilling a main condition for debt relief ahead of a meeting of the Paris Club, an informal group of 22 government creditors, two weeks later, Ibrahim told Bloomberg in an interview.
He put the amount likely to be cleared at 70%-90%, saying 7%-10% of the remaining debt was commercial and may “not be immediate.”
