Sudanese official: IMF executive board says Sudan has reached HIPC decision point
- Country:
- Egypt
The International Monetary Fund's executive board has decided that Sudan has reached the decision point for the Highly Indebted Poor Countries (HIPC) initiative, a Sudanese finance ministry official said late on Monday, meaning the country can begin receiving relief on its more than $50 billion in debt.
"Sudan will proceed to negotiations with the Paris Club in July," senior adviser Magdi Amin wrote on Twitter.
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