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IMF approves $2.5 bn loan, debt relief deal for Sudan

AFP , Tuesday 29 Jun 2021

The IMF on Tuesday approved a $2.5 billion loan for Sudan, and with the World Bank sealed a landmark deal that unlocks nearly $50 billion in debt relief for the impoverished African nation.

The announcement came after the International Monetary Fund finalized an agreement with 101 donor countries allowing Sudan to clear roughly $1.4 billion in arrears to the Washington-based lender -- the key hurdle to allow access to fresh aid.

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