IMF: No more lending to Sudan – Official

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IMF: No more lending to Sudan – Official

The International Monetary Fund (IMF) continues to provide Sudan with technical assistance and policy support, but it cannot offer additional financing because of the country’s arrears, a senior IMF official said.

Sudan’s Transitional Military Council is in talks with opposition groups on the formation of a joint body to lead a transition from 30 years of autocratic rule by Omar al-Bashir.

It ousted and arrested al-Bashir after months of protests.

Jihad Azour, Director of the IMF’s Middle East and Central Asia department, told Reuters on Monday that Sudan’s Transitional Military Council had not approached the IMF about the country’s debt.

“We have been engaged with Sudan, we provide them (Sudan authorities) with technical assistance and policy support,” Azour said.

But he added: “We cannot provide them with financing because they are still incurring arrears, and until they address this arrear issue, in our bylaws, we…



Source: News Agency of Nigeria