October 10, 2022 (KHARTOUM) – Sudan’s finance minister will discuss with international financial institutions ways to remove challenges facing debt forgiveness during his participation in their annual meeting this week .
From October 10 to 16, the meetings of the World Bank and the International Monetary Fund will take place in Washington to discuss issues of global interest, such as the global economic outlook, global financial stability, the eradication of poverty, the economic growth and job creation and the climate. change, among others.
Gibril Ibrahim Mohamed leads the Sudanese delegation to the annual meetings, which bring together central bankers, finance and development ministers, private sector executives, civil society, media and academics.
“The delegation will discuss the obstacles to addressing Sudan’s external debt and its opportunities to benefit from international debt relief initiatives,” said a statement issued by the finance ministry in Khartoum.
After General Abdel Fattah al-Burhan’s coup against the civilian-led government, the World Bank suspended all its operations in Sudan, including the debt relief process under the HIPC initiative.
The World Bank required the restoration of the transitional civilian government before resuming the country’s halted economic support.
The minister will also brief the international financial institutions on the ongoing economic reforms and discuss the technical assistance needed to achieve this, the statement added.
The delegation discussed the obstacles to addressing Sudan’s external debt and its opportunities to benefit from international debt relief initiatives, reviewed ongoing economic developments and reforms, and discussed Sudan’s needs in the ‘field of technical assistance.
The coup leaders in Sudan withdrew from a process to restore civilian rule facilitated by a tripartite panel involving UNITAMS, the African Union and IGAD.
In addition, they refused to participate in the transitional government that could be formed. Still, the National Consensus Forces, which include the Finance Minister’s group, said the participation of the military component is necessary and refused to accept the fully formed civilian government.
(ST)
