IMF Suspends Lending To Sudan But Continues To Provide Technical Assistance And Policy Support
The International Monetary Fund (IMF) has suspended further financial support to Sudan but will continue to provide the country with technical assistance and policy support, a senior official has disclosed.
“We have been engaged with Sudan, we provide them (Sudan authorities) with technical assistance and policy support,” Azour said.
But he added: “We cannot provide them with financing because they are still incurring arrears, and until they address this arrear issue, in our bylaws, we cannot provide them with additional lending.”
The IMF in late 2017 estimated Sudan’s arrears to the fund to be $1.3 billion this year, out of a total external debt estimated at $59 billion.
The United States imposed a range of sanctions on Sudan, first over Khartoum’s perceived support for militants, later its violent suppression of rebels in Darfur.
An overhaul of Sudan’s debt is “too premature”, said Azour, “because this would require the removal of the sanctions. Technically it is not something that you can achieve now.”