Voice of the unheard & home to the homeless
Front Page  
 
 Latest News
 
 Articles and Analysies
 
 Press Releases
 
 Photo Gallery
 
 About Sudan
 
 Cards
 
  Sudanese Music
  Sudanese Links
  Discussion Board
 
  2006 News Archives
 
  2006 Articles Archives
  2006 Press R.Archives
 
  2005 News Archives
 
  2005 Articles Archives
  2005 Press R.Archives
  PC&Internet Forum
  Poll System
  Tell A Friend
  Upload Your Picture
  Contact Us


Search

Latest News Last Updated: May 20, 2010 - 7:42:53 AM

Debts of Sudan Amount to 37.7 Billion US dollars, IMF Agree to Negotiate with Sudan
Sudaneseonline.com

Email this article
 Printer friendly page

Debts of Sudan Amount to 37.7 Billion US dollars, IMF Agree to Negotiate with Sudan

 

Khartoum, 20

 

05.2010 (SUNA) -The State Minister at the Ministry of Finance and National Economy, Dr. Lual Deng, said that the IMF agreed to negotiate with Sudan to settle its indebtness based on a report on the situation of the foreign debt of Sudan till 30 December 2009. Deng described the IMF step as a "serious movement" and "promising start" toward solving the foreign indebt issue in Sudan

 

The foreign debt of Sudan as till 30 December 2009 was put at 35,687,000.000 US dollars, according to a report prepared by a tripartite committee of the Bank of Sudan, the Ministry of Finance and the International Monetary Fund (IMF)

 

The minister explained that according to the report the principal debts reached 15,459 million US dollars, and the rest from the interest on arrears amount to 3,821 million US dollars and 16.459 million as debt services

 

Dr. Lual Deng said in a statement to SUNA following his recent participation in the spring meetings of the IMF and World Bank in Washington that Sudan during the previous 13 years has been working seriously to address its debtedness to the IMF, which recommended adoption of certain financial and monetary policies in accordance with the IMF technical advice regarding the management of the Sudanese economy

 

The minister, who is in charge of the issue of international cooperation, explained that solving of the foreign debts of Sudan needs adoption of a series of procedures and time, and that it might need at least five years to solve the issue of the indebtedness with the Fund

 

The IMF and the World Bank are the major international lenders of Sudan whereas tKuwait and Saudi Arabia are the most important bilateral creditors in the group of non-member states of the Paris Club, in addition of Austria and the United States

 

MF/MO


© Copyright by SudaneseOnline.com


Please feel free to send us your Articles , Analysies news and press releases to [email protected]

Top of Page



This report does not necessarily reflect the views of Sudanese Online.com

[an error occurred while processing this directive]

Latest News
  • Taha Leads Sudan Delegation Participating in France-African Summit
  • Sudan Envoy to UN says movements of the so-called ICC exposed attempts to disturb current historic developments in Sudan
  • Taha to Lead Sudan Delegation for African - French Summit in Nice City
  • President Al-Bashir Receives Message from President Kibaki
  • SPLM Wary of President Bashirs Referendum Pledge
  • Dr. Sabir Al-Hassan Leads Sudan Delegation to ADB Meetings in Cote d'Ivoire
  • Southern Sudan HIV/AIDS infections on the rise
  • Journalists held for boycotting Sudan inauguration
  • Dr. Ismail meets Obasanjo, Discuss Sudanese-Nigerian Relations
  • President of Malawi, Prime Minister of Ethiopia expected to arrive in Khartoum Thursday morning
  • Sudan's Bashir Sworn In to Another 5-Year Term
  • President Mohamed Ould Abdel Azizof Mauritania arrives in Khartoum
  • Kenyan Vice President Musyoka Arrives in Khartoum to Take Part in inaguartion of President Al-Bashir
  • Kingsport helps Sudanese town design land use plan
  • Dialogue, co-op vital to end Nile row
  • Intn'l court reports Sudan to UN
  • Qatari Prime Minister and Dr. Salahuddin Review Developments in Peace Process in Darfur
  • President Al-Bashir Congratulates Premier Zenawi on Winning of his Party in the Ethiopian Elections
  • Minister of Interior Meets Wali of North Kordofan State
  • Sudan slams Human Rights Watch
  • Sudan charges opposition journalist with terrorism
  • Dr. Ismail: UN, AU, Arab League and OIC will Participate in Al-Bashir's Inauguration
  • Dr. Nafie: New Government will be One of United Programme and Vision
  • SDU (UK & I) Ireland Chapter meeting
  • Washington DC Marchers Protest Darfur Genocide
  • Egypt's Citadel starts power project for Sudan cement plant
  • Rwanda: Dialogue Will Resolve the Nile Water Dispute
  • Ahmed Ibrahim Al-Tahir Nominated as Speaker of National Assembly
  • Al-Zahawi Ibrahim Malik: Unity shall be the Best Choice for Southern Citizens
  • Dr. Al-Jaz Launches Electricity Project for Northern Rural Area of Khartoum North
  • Dr. Nafie: Sudanese Workers' Trade Union Federation Plays the Greatest Role in Facing Tyranny
  • Sudanese authorities shut newspaper in crackdown
  • Salva Kiir receives message from Secretary General of the Arab League
  • UN Names Countries, Groups Using Child Soldiers
  • Salva Kiir Inaugurated As President of South Sudan
  • Kiir Pledges to Work for Making Unity the Attractive Option
  • Salva Kiir Sworn in as President of the Government of South Sudan
  • Second Sudanese opposition leader arrested: family
  • Darfur rebels say 200 killed in clashes with army
  • Egyptian Irrigation Minister Declares Joint Sudanese - Egyptian Vision that Includes their Rights on Use of Nile Water
  • Arab - Chinese Cooperation Forum Lauds Sudan Elections
  • Sudan and Egypt Agree to Continue Efforts to Unite Nile Basin Countries
  • Darfur rebel leader's 19-hour standoff ends
  • SUDAN: Key post-referendum issues
  • Debts of Sudan Amount to 37.7 Billion US dollars, IMF Agree to Negotiate with Sudan
  • Slva Kiir Receives Written Message from Eritrean President
  • Dr. Fedail Conveys Message from President Al-Bashir to Ethiopian Prime Minister
  • American woman among 3 aid workers kidnapped in Darfur
  • Darfur Jem leader Khalil Ibrahim stopped in Chad
  • Analysis: Ten years of talks - and still no resolution to Nile controversy
  • Chad Rejects Entry of Khalil Ibrahim to its Territories, Declared him Persona non-Grata Deby to Visit Sudan next Week
  • Dean of Bar Association: Israel Aims to spliting South Sudan
  • Taha Affirms State Commitment to Expand Security and Stability all over the Country
  • SUDAN: Bol Manyiel, "I can still buy more guns with my remaining cattle"
  • Salva Kiir, USAID Official Discuss Food Security Situation
  • U.S. Starts $55 Million Agriculture Program in Southern Sudan
  • Sudan: Govt Arrests Top Bashir Critic
  • Secretary General of the Assembly calls on the Elected Deputies to Attend Procedural Sitting
  • SUDAN: Disarmament doubts in Lakes State
  • Egypt police kill Sudanese migrant near Israel border
  • Sudanese army seizes Jebel Moun JEM base
  • Sudan Arrests Islamist Opposition Leader Turabi
  • Agricultural Bank finalizes preparations to inaugurate 12 branches in Gezira State to focus on micro finance
  • In Phone Call with Al-Qaddafi: President Al-Bashir Affirms Progress of Sudanese - Chadian Relations
  • Fishing festival promotes Sudans fish resources