Monday, 8th August 2022
<To guardian.ng
Search

IMF grants $2.5 billion loan and debt relief to Sudan

IMF and US officials praised the Sudanese civlian government's economic reforms. The African country is now on track to paying off most of its massive debt over the next few years.

Related

11 Mar
Ukraine war will have 'lasting consequences on global economy': IMF. Russia's invasion of Ukraine has sparked a massive humanitarian and economic crisis. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, tells France 24 the war will also have 'lasting consequences on the global economy.'
19 Mar
Feminism – that’s still a taboo topic in many parts of society in South Sudan. With their radio show, Gendertalk211, a group of South Sudanese women are trying to raise awareness and talk openly about the issues affecting women in their community.
17 Mar
The finance ministry has said its ability to make foreign payments has been hampered by sanctions. If Russia is unable to make the payments within a 30-day grace period, it will face its first default on international debt in more than a century.
3 Apr
A new film paints a portrait of the woman known in South Sudan as the "mother of the nation". The film follows Rebecca Nyandeng de Mabior, who is the widow of revolutionary leader and national hero John Garang de Mabior, in her role as the country's vice president amid a fragile peace deal in the country. The portrait is remarkable for its intimate access as its director is also her daughter, Akuol de Mabior. She joined us for Perspective to tell us more about "No Simple Way Home".
6 Apr
Artist Assil Diab saw a cause for hope with the ousting of the former president in the war-torn nation. A revolution that ushered out 30 years of authoritarian rule. Two years on, a new leadership has failed to bring justice to so many lives lost.
21 Apr
While rich countries borrowed at low rates and saved their economies, poorer nations have spent billions servicing debt. The war in Ukraine will only worsen the pressures on core product prices, officials warn.
21 Apr
The negative economic effects from Russia's invasion of Ukraine will significantly hurt global growth, the IMF has said. Increasing food and fuel prices have raised the prospect of unrest in poorer countries.
29 Apr
A wave of violence between Arab and Massalit tribesmen left 213 people dead. UN Human Rights Chief urged Sudanese authorities to open an investigation and protect the population.
15 May
Ghana is committed to managing its debt without assistance from the International Monetary Fund (IMF), Finance Minister Ken Ofori-Atta said, expressing his confidence that government measures were moving the country in the right direction.
23 May
In the last few years, Nigeria has witnessed the springing up of numerous online quick loan apps but what is supposed to mitigate the hardship of citizens has turned into a menace in the lives of many Nigerians. We are meeting up with one of the victims of these loan sharks who doesn't want his identity revealed.
25 May
The world is facing its worst food crisis in history. Millions of tonnes of wheat are stuck in Ukraine, worsening an already precarious situation for many countries that depend on exports from the region. IMF Managing Director Kristalina Georgieva tells FRANCE 24 Business Editor Kate Moody that only "very strong international mobilisation" will save the lives of millions of people. Also in our update from Davos: EU member states move towards an embargo on Russian oil, but with no consensus on the timeline.
11 Jun
Army chief Abdel Fattah al-Burhan has canceled the state of emergency imposed since last year's military coup, the ruling sovereign council said. Security forces are accused of killing two protesters over the weekend.