Paris Club Cancels $14.1Bn of Sudan’s External Debt

2 weeks ago Dammylink 0

The Paris Club has canceled $14.1 billion out of Sudan’s debt, the country’s finance minister said on Friday.

 

Congratulating the Sudanese people, Gibril Ibrahim said in a statement that Sudan’s remaining debt toward the Paris Club, a group of government creditors, stands at $9.5 billion.

 

He said Sudan has started the process of paying off all of its debts.

 

Sudan’s total external debt currently amounts to $56.6 billion and the country has received promises of debt clearance as the International Monetary Fund accepted it as part of the Highly Indebted Poor Countries, the statement added.

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