Young Journalists Club | Latest news of Iran and world

News ID: 51159
Publish Date: 20:30 - 26 March 2021
Friday, 26 March 2021 (YJC)_The United States confirmed it has assisted Sudan to clear arrears at the World Bank.

US goes ahead with $1.15 bn for Sudan reformsThe United States confirmed Friday it has assisted Sudan with more than $1 billion to help clear arrears at the World Bank as it hailed reforms by the civilian-backed government.

President Joe Biden's administration said it carried out a financing deal signed in January by the previous treasury secretary, Steven Mnuchin, on a trip to Sudan, which has faced unrest over the past several years due to the dire economic situation.

The Treasury Department on Thursday provided Sudan with $1.15 billion in bridge financing, typically loans that cover short-term needs. No US taxpayer money was involved.

"Sudan's civilian-led transitional government deserves credit for making challenging but necessary reforms to restore its social contract with the Sudanese people," said Treasury Secretary Janet Yellen, Mnuchin's successor.

The financing "will move Sudan one step closer to securing much needed-debt relief and help the nation reintegrate into the international financial community," she said in a statement.



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