Sudan takes step towards debt relief with IMF review

Sudan takes step towards debt relief with IMF review

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo

The International Monetary Fund said on Friday it had reached a staff-level agreement with Sudan on completion of the second and final review under its staff-monitored programme, in a step towards debt relief.

A strong performance under the year-long IMF economic reform programme is a requirement for Sudan to reach the “decision point” for debt relief under the Highly Indebted Poor Countries (HIPC) process. Sudan is expected to reach that…

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