Sudan welcomes U.S. Treasury's move to clear $1 bln in arrears to the World Bank - tweet

Sudan's finance ministry said on Wednesday that it welcomed the U.S. Treasury's move to clear $1 billion in Sudanese arrears to the World Bank. The move allows Sudan to access $1.5 billion in funds from the International Development Association, the ministry said on its official Twitter account.

Acting finance minister Heba Ahmed said on Monday that the U.S. Export-Import Bank would also provide guarantees to American investors from the private sector that could initially total $1 billion, after the U.S. removed Sudan from its state sponsors of terrorism list.