Economics
Sudan Clears Hurdle for Up to $50 Billion of Debt Relief
- IMF also approves $2.5 billion, 39-month credit facility
- Sudan will be biggest case under HIPC debt initiative
Customers at a fresh produce stall at a market in Juba, South Sudan, earlier in June.
Photographer: Adrienne Surprenant/BloombergThis article is for subscribers only.
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The International Monetary Fund approved a $2.5 billion extended credit facility for Sudan and said the nation is eligible for debt relief under an initiative for poor countries, a step toward helping it clear some of the estimated $60 billion it owes to foreign creditors.