France says to lend Sudan US$1.5b to pay off IMF debt | Malay Mail

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PARIS, May 17 — France will lend Sudan US$1.5 billion to help the African nation pay off its massive debt to the International Monetary Fund as it emerges from decades of authoritarian rule, Finance Minister Bruno Le Maire said today. “President Macron will confirm later today that France will...

The International Monetary Fund logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. ― Reuters picPARIS, May 17 — France will lend Sudan US$1.5 billion to help the African nation pay off its massive debt to the International Monetary Fund as it emerges from decades of authoritarian rule, Finance Minister Bruno Le Maire said today.

Sudan’s Prime Minister Abdalla Hamdok is attending the Paris conference, seeking help in paying off a US$60 billion foreign debt bill and also hoping to secure investment deals.

 

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