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IMF considers restoring membership

    ACCRA

    Finance and National Economy Minister Mohammed Khayr al-Zubayr was visiting Washington this week for talks with the International Monetary Fund (IMF) on restoring Sudan’s the membership of the IMF, the state news agency Suna reported on Thursday.

    Khayr al-Zubayr said an IMF delegation that visited Sudan recently had proposed remedies for Sudan’s debt under the “poor countries debt settlement” scheme, said a report monitored by the BBC. The IMF and the Sudan agreed in March last year on a medium-term economic reform programme that would cover the period 1999-2000, with a view to achieving a positive rate of growth of six percent of the GNP, and to lower the rate of inflation by 5 percent by the end of 2000. It said the international lending agency had agreed to lower the monthly instalments paid by Sudan by 40 percent and was considering offering technical assistance.

    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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