David Malpass
David Malpass

@DavidMalpassWBG

3 Tweets 4 reads Feb 22, 2021
Welcome news from Sudan on unifying & stabilizing its exchange rate.
The Central Bank of Sudan identified nine benefits to the Sudanese people, including reduced smuggling, & increased inflows from remittances, aid, & investment.
[1/3]
Today's announcement will allow progress on @WorldBank arrears clearance, which will enable concessional resources & greater IFI engagement by Sudan.
These are key steps toward triggering the debt reduction initiative of the heavily indebted poor countries (HIPC).
[2/3]
As Sudan looks to the future, the @WorldBank Group is working on large support programs to benefit the Sudanese people.
Together with @IMFNews, we are working on ways to facilitate debt relief for other debt distressed IDA countries.
[3/3]

Loading suggestions...