World Bank is to address Sudan’s problems in the areas of development

04:49 PM Mar, 10 2015
Sudanese Online
SudaneseOnline News-Khartoum Sudan
My Library at SudaneseOnline



The World Bank has promised to take action to address Sudan’s problems in the areas of development and poverty reduction, in coordination with development partners.
The Executive Director of the World Bank acknowledged Sudan’s right in taking advantage of Bank assistance by virtue of its membership in the World Bank Group and the latter's commitment to the pursuit of economic development and poverty reduction in Member States.
During his meeting with Sudan’s Finance Minister, Dr. Badr al-Din Mahmud, on Monday, the Director promised to help Sudan in solving its problems by raising these problems to the competent authorities in the Bank, in coordination with the International Monetary Fund (IMF) and the development partners.
For his part, Sudan’s Minister called on The Bank to help Sudan to address foreign debt under the zero option agreed South Sudan, stressing the country’s commitment to sustainability of peace and its requirements in the region
He said that Sudan is looking forward to Bank help regarding the foreign debt after Sudan met all technical conditions for debt relief.
The "zero option" agreement was made in September 2012 under which Sudan would retain all external liabilities after the secession of South Sudan, provided the international community gave firm commitments on delivery of debt relief to Sudan within two years.


Topics related to the subject or the author

South Sudan Warns Media Not to Publish Rebel Interviews 02-17-15, 04:29 PM, Voice of America

Statement of the Prosecutor of the International Criminal Court, Fatou Bensouda, on the Internation 02-12-15, 03:17 PM, ICC Public Affairs Unit

Seven Investment Programme Areas Under the Sudanese National Agricultural Investment Plan (NAIP) Id 02-12-15, 03:15 PM, SudaneseOnline Press Release

Launch of Sudanese electronic gateway project 02-09-15, 05:15 PM, SudaneseOnline News

Activists oppose Sudanese govt. officials visit to USA 02-07-15, 05:41 PM, Radio Dabanga

US, UK and Norway calls South Sudanese factions to reach a final peace agreement 02-07-15, 05:38 PM, SudaneseOnline News

Sudan says new investments worth ($ 2.7) billion in the country 12-28-14, 03:38 PM, SudaneseOnline News

Closing the gap on HIV prevention and treatment in Sudan and leaving no one behind 12-01-14, 05:47 PM, SudaneseOnline Press Release

($ 8.5) million for peace-building and development in Sudan: Finance ministry 11-18-14, 02:24 PM, SudaneseOnline News

Letter to President Obama from Sudanese living in Diaspora 10-09-14, 10:04 PM, SudaneseOnline News

South Sudan's foreign workers policy rattles investors 09-20-14, 04:05 PM, BBC News

In South Sudan, Few Take their Money to the Bank 08-30-14, 03:29 PM, Voice of America

AlHuda CIBE is committed to extend its services to 15 countries of Africa by the year end 2014 06-04-14, 05:52 PM, SudaneseOnline Press Release

Sudan takes measures to join world trade organization 06-02-14, 07:50 PM, SudaneseOnline News

Joint international mission affirms support to reintegration programs in Sudan 04-18-14, 02:35 PM, SudaneseOnline News

World Bank wing may insure investments against political risk in South Sudan 04-17-14, 02:44 PM, SudaneseOnline Press Release

Darfur Union’s (UK) letter to the Prime Minster David Cameron after the demonstration 03-31-14, 03:27 AM, SudaneseOnline News

South Sudan: World Bank Mobilizes US$44 Million to Provide Critical Health Services and Fight Hunge 03-14-14, 03:04 PM, SudaneseOnline News

South Sudan violence leaves donors disillusioned 03-01-14, 04:41 PM, SudaneseOnline News

UNIDO invests $US 11 million to promote industry in Sudan 12-16-13, 06:47 PM, SudaneseOnline News

Statement of the UNFPA Executive Director on the launch of The State 10-30-13, 06:00 PM, SudaneseOnline Press Release

UNIDO invests $US 11 million to promote industry in Sudan 10-30-13, 05:54 PM, SudaneseOnline Press Release