{"id":562279,"date":"2021-05-18T04:24:44","date_gmt":"2021-05-18T04:24:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/sudan-gets-usd-30-bn-worth-of-pledges-to-cover-bilateral-imf-debts\/"},"modified":"2021-05-18T04:24:44","modified_gmt":"2021-05-18T04:24:44","slug":"sudan-gets-usd-30-bn-worth-of-pledges-to-cover-bilateral-imf-debts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/sudan-gets-usd-30-bn-worth-of-pledges-to-cover-bilateral-imf-debts\/","title":{"rendered":"Sudan gets USD 30 bn worth of pledges to cover bilateral, IMF debts"},"content":{"rendered":"

<\/a> Sudan just got a USD 30 bn lifeline in the form of debt cancellation and funding pledges from <\/strong>IMF members <\/strong>during a conference in Paris<\/a> yesterday kickstarting its debt relief program, Sky News Arabia<\/a> reports. France has pledged to cancel USD 5 bn of debts Sudan owes, while Saudi Arabia has said it will scrap another USD 5 bn and Norway USD 4.5 bn.<\/p>\n

France has also promised to give Sudan a USD 1.5 bn bridge loan<\/strong> to help the country pay off its IMF debts \u2014 and will offer more if necessary, as Sudan seeks relief and assistance covering its external debt bill, which the Associated Press<\/a> put at almost USD 70 bn. Germany has also pledged to cover USD 110 mn of Sudan\u2019s IMF arrears, and is offering over USD 470 mn in bilateral debt assistance, France 24<\/a> reports.<\/p>\n

Sudan\u2019s IMF debt clearance paves the way for access to cheaper international funding<\/strong> under the IMF and World Bank's Highly Indebted Poor Countries (HIPC) scheme. The country has already cleared its debt to the World Bank and African Development Bank, but had needed to clear its debts to the IMF as well \u2014 in addition to implementing a number of economic reforms \u2014 in order to qualify.<\/p>\n

Egypt also wants to help Sudan with debt relief:<\/strong> Egypt will take part in an international initiative to clear Sudan\u2019s IMF debt by allowing Sudan to tap into Egypt\u2019s Special Drawing Rights quota at the IMF to settle its debts, President Abdel Fattah El Sisi said during a meeting with head of Sudan\u2019s ruling sovereign council Abdel Fattah Burhan in Paris Sunday, according to an Ittihadiya<\/a> statement.<\/p>\n

Sudan, Egypt, France talk GERD:<\/strong> El Sisi and Burhan also discussed coordination to reach a fair agreement on GERD before Addis Ababa goes ahead with the dam\u2019s second filling.<\/p>\n

In a separate meeting with French President Emmanuel Macron, El Sisi reiterated Egypt\u2019s desire to reach a \u201clawful, fair, and binding agreement\u201d and said Egypt would not tolerate<\/a> any threats to its water security, <\/strong>according to an Ittihadiya statement<\/a>. The US said earlier this week that it supports the resumption of negotiations between Egypt, Sudan, and Ethiopia, but isn\u2019t on board with Cairo and Khartoum\u2019s proposition<\/a> that it play a mediating role<\/a>. Ethiopia has insisted that the AU should remain the sole mediator and indicated it would press ahead with the filling of the dam<\/a> with or without an agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sudan just got a USD 30 bn lifeline in the form of debt cancellation and funding pledges from IMF members during a conference in Paris yesterday kickstarting its debt relief program, Sky News Arabia reports. France has pledged to cancel USD 5 bn of debts Sudan owes, while Saudi Arabia has said it will scrap […]<\/p>\n","protected":false},"author":1,"featured_media":562280,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7262],"tags":[96,7106,168,898,72,410,272,166,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-abdel-fattah-el-sisi","tag-debt","tag-diplomacy","tag-emmanuel-macron","tag-enterpriseam","tag-gerd","tag-imf","tag-israel-palestine-conflict","tag-water","wpautop","entry"],"acf":{"mongo_id":"ca6c45a6-5627-48a4-a324-0b73b2552f60","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/137.jpg","photo_position":"above","related_issue":[562267],"teaser":"","voice_url":""},"yoast_head":"\nSudan gets USD 30 bn worth of pledges to cover bilateral, IMF debts - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/sudan-gets-usd-30-bn-worth-of-pledges-to-cover-bilateral-imf-debts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sudan gets USD 30 bn worth of pledges to cover bilateral, IMF debts\" \/>\n<meta property=\"og:description\" content=\"Sudan just got a USD 30 bn lifeline in the form of debt cancellation and funding pledges from IMF members during a conference in Paris yesterday kickstarting its debt relief program, Sky News Arabia reports. 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The 75 delegates comprising the Libyan Political Dialogue\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645355,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/18\/cbe-to-settle-usd-8-4-bn-in-short-term-debts-over-the-next-six-months\/","url_meta":{"origin":562279,"position":1},"title":"CBE to settle USD 8.4 bn in short-term debts over the next six months","author":"enterpriseam admin","date":"18 July 2017","format":false,"excerpt":"The CBE will be settling short-term debts to foreign countries amounting to USD 8.4 bn over the next six months, an unnamed bank official tells Al Mal. The CBE will be paying USD 4.3 bn in November, USD 3.8 bn in December, and USD 22-153 mn for July-October. Of those,\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634028,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/egypt-to-repay-usd-12-bn-in-foreign-debt-this-year\/","url_meta":{"origin":562279,"position":2},"title":"Egypt to repay USD 12 bn in foreign debt this year","author":"enterpriseam admin","date":"3 January 2018","format":false,"excerpt":"Egypt repaid USD 30 bn in foreign currency debt in 2017 and is set to pay off more than USD 12 bn more in 2018, MENA said, as per Reuters. Egypt\u2019s debts stood at USD 79 bn at the end of FY 2016-17, the report notes. The central bank had\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634244,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/egypt-pays-usd-700-mn-in-debt-owed-to-paris-club\/","url_meta":{"origin":562279,"position":3},"title":"Egypt pays USD 700 mn in debt owed to Paris Club","author":"enterpriseam admin","date":"10 January 2018","format":false,"excerpt":"Egypt paid back USD 700 mn in debts it owed to the Paris Club this week, the central bank announced yesterday in a statement carried by Ahram Online. The government had announced earlier this month that it was planning to pay off more than USD 12 bn in debts to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":607344,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/02\/nearly-a-fifth-of-our-external-debt-is-due-next-year\/","url_meta":{"origin":562279,"position":4},"title":"Nearly a fifth of our external debt is due next year","author":"enterpriseam admin","date":"2 October 2023","format":false,"excerpt":"Egypt to pay USD 29.2 bn in debt dues during 2024","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/54.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660825,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/18\/bondholders-push-back-against-the-imfs-ethiopia-debt-assessment\/","url_meta":{"origin":562279,"position":5},"title":"Bondholders push back against the IMF\u2019s Ethiopia debt assessment","author":"enterpriseam admin","date":"18 February 2025","format":false,"excerpt":"Investors claim that the IMF\u2019s economic forecasts are tilting the balance toward deeper writedowns on existing debt","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1728.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=562279"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562279\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/562280"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562279"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562279"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}