IMF agrees to monitor Sudan economic reform programme
Saturday, 09 26 2020, Category: Economy, Country: Africa
The International Monetary Fund (IMF) will monitor a 12-month economic programme by Sudan, providing the country an "opportunity" to convince donors and the financial body that it can implement necessary reforms and secure debt relief, Reuters reported on Wednesday,
Sudan's move to a transitional government is its chance to roll out "fundamental reforms to address major macro imbalances and lay the groundwork for inclusive growth" the IMF's Deputy Managing Director Antoinette Sayeh said.
Access to external borrowing is stifled by mounds of external debt and lingering arrears, Sayed added, adding that Khartoum had little choice but to rejuvenate its economy, implement reforms, and alleviate arrears.