Germany Pledges To Forgive Sudan's Massive Bilateral Debt
Faizan Hashmi 4 months ago Mon 17th May 2021 | 11:00 PM
BERLIN (UrduPoint News / Sputnik - 17th May, 2021) The German foreign minister said on Monday that Berlin stood ready to clear Sudan's 360 million euro ($437 million) debt to his country to help the African nation on the path toward recovery.
The North African nation took on hefty debt after its military deposed longtime ruler Omar Bashir in April 2019. It owes the IMF over $50 billion and is eligible for debt relief under the heavily indebted poor countries scheme.