IMF agrees formula for rescheduling Sudan's debts

Published April 30th, 2001 - 02:00 GMT

The International Monetary Fund (IMF) has agreed for the first time in 17 years to lay down a formula for Sudan to repay its $20 billion debts, Central Bank governor Sabir al-Hassan was quoted as saying Sunday, April 29. 

 

Al-Khartoum daily quoted Hassan as saying that Sudanese Finance Minister Abdel Rahim Mahmoud Hamdi had asked IMF managing director Horst Koehler to speed up implementation of the plan. 

 

A joint meeting was expected before the annual IMF conferences later this year, he said. Hassan also called for Sudan to recover its rights under the Lome trade and aid agreement between the European Union and developing countries, saying they had been frozen "for political reasons". —(AFP)  

 

© Agence France Presse 2001  

© 2001 Mena Report (www.menareport.com)

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