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Sudan confirms obtaining forgiveness of 14.1 billion dollars from its debts with the “Paris Club”


 The Sudanese Minister of Finance and Economic Planning, Dr. Jibril Ibrahim, announced that his country had actually obtained a $14.1 billion exemption from the debt of the Paris Club countries.


Ibrahim said, in a press statement today, Friday, issued by Paris, that the rest of Sudan's debts, amounting to 9.5 billion dollars, have been rescheduled until the completion point in the Heavily Indebted Countries Initiative (HIPC) is reached, with no debt service payment during this period.


Ibrahim pledged to seek similar or better results with creditor countries outside the Paris Club.


The president of the Paris Club said that donors in the club, agreed to write off 14 billion dollars of Sudan's debt, Russia Today network reported, adding that other public and private creditors of Sudan should make similar efforts towards Sudan's debt.


It is noteworthy that, the Chairman of the Sudanese Sovereignty Council, Lieutenant-General Abdel Fattah Al-Burhan, and the members of the Council expressed their thanks and appreciation to the international community for fulfilling its obligations in their continuous effort to forgive Sudan's foreign debts.


In a statement today, Wednesday, the Council commended Sudan for reaching the "decision point" of the Heavily Indebted Poor Countries (HIPC) initiative, thus making Sudan eligible for debt relief.


The Sovereignty Council saluted the Republic of France for the great role it played, by hosting the Sudan Support Conference on May 17, which contributed to mobilizing regional and international support to help forgive Sudan's debts.


He also praised the efforts of the international financial institutions, the World Bank Group and the International Monetary Fund, which, through contacts and talks, contributed to supporting Sudan's efforts to forgive its debts.


The Prime Minister of Sudan, Dr. Abdullah Hamdok, announced that his country had reached the “decision point” regarding the Heavily Indebted Countries Initiative (HIPC), pointing out that upon reaching the so-called “completion point”, Sudan would obtain a final debt relief estimated at about 50 billion. dollars, out of a total of about 60 billion.

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