Bretton Woods institutions adopt initiative to offer Sudan debt relief

KHARTOUM, Dec 23, 2004 (MENA) — The International Monetary Fund (IMF) and the World Bank (WB) adopted an initiative to exempt Sudan from its debts and lure international finance for reconstruction operations and arrangements for the post-peace stage.

An IMF-WB Joint Assessment Mission (JAM), at the end of talks it held with a host of Finance and National Economy Ministry officials, underlined a strategy to combat poverty with a view to macro-economy regarding economic growth rates and fair distribution of the Gross Domestic Product (GDP).

The mission discussed with the Finance Ministry and the Bank of Sudan institutional reforms to apply the government statistics system in the budget and upgrade the efficiency of cash flow management.