April 18, 2026 (WASHINGTON) – A group from Sudan met on Saturday to talk about renewing its relationship with the World Bank and International Monetary Fund in order to support rebuilding efforts and speed up debt relief processes.
The World Bank halted $1.8 billion in aid to Sudan after the coup on October 25, 2021. Nevertheless, it dispatched a team at the end of last year to oversee initiatives supported and carried out by UN agencies focusing on health, water, education, farming, and efforts to combat poverty.
The Governor of the Central Bank of Sudan, Amna Mirghani, and the Minister of State for Finance, Mohamed Nour Abdel Daim, held discussions with the United Kingdom’s Executive Director at the World Bank Group and IMF during the Spring Meetings.
The Ministry of Finance stated in a release that the delegation highlighted the importance of re-establishing a complete partnership with the World Bank for funding reconstruction and development initiatives.
The group urged speeding up the handling of the foreign debt issue to enable access to favorable financing for productive initiatives and infrastructure development.
Sudan’s foreign debt reached $66.8 billion by the end of 2023. As reported by the Central Bank of Sudan, the main portion of the debt is below $33 billion, with the rest made up of overdue and agreed-upon interest.
Western nations and international financial bodies halted the relief of about $50 billion in Sudan’s debt right after the military takeover. This happened even though Sudan had met the criteria under the HIPC program after implementing tough economic reforms.
Provided by SyndiGate Media Inc.Syndigate.info).
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