Sudan moves one step closer to clearing $60 billion debt.
Earlier this week, the IMF agreed a financing plan to clear $1.4 billion owed to it by Sudan. The agreement was reached on the first day of the ‘Summit on…
Vulture funds and governments seek profit from Sudan debt relief
Today the Financial Times has reported that a group of vulture funds have hired lawyer Lee Buchheit to argue for debt relief for Sudan. They hope that if the North…
Campaign improves IMF debt assessments, but risk of crises continues to increase
The IMF and World Bank have agreed some positive changes to their system for monitoring debts of impoverished countries, though some large issues have been ignored. The system, known as…
Ministers planning to massage aid figures when cancelling unjust debt
UK ministers are planning to use cancellation of a made-up debt to help meet their overseas aid target. Sudan currently ‘owes’ £678 million ($1bn) to the UK, and might qualify…
South Sudan set to start life debt free
It is expected that with South Sudan independence, North Sudan will agree to keep all of Sudan’s $38 billion debt.