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IMF lifts declaration of non-cooperation

    NAIROBI
    The Executive Board of the International Monetary Fund (IMF) on Friday lifted its 1990 declaration of non-cooperation with Sudan citing the country's commitment since February 1997 to a "schedule of payments" to the organisation and its progress in "implementing macroeconomic and structural policies." An IMF statement said the board also decided that it could consider lifting the suspension of Sudan's voting and related rights. "Sudan has established an encouraging track record of economic performance and payments to the IMF under the 1997 and 1998 staff monitored programs and has laid a solid foundation for continued good performance under 1999-2001 medium-term staff monitored program," IMF's Deputy Managing Director Shigemitsu Sugisaki was quoted as saying.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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