IMF in Touch with Sudan but no Lending until Arrears Addressed – official


The International Monetary Fund (IMF) continues to provide Sudan with technical assistance and policy support, but it cannot offer additional financing because of the country’s arrears, a senior IMF official said.
“We have been engaged with Sudan, we provide them with technical assistance and policy support,” Jihad Azour, director of the IMF’s Middle East and Central Asia department, told Reuters.
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.”
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.”

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