Sudan Clears Its Arrears To World Bank
26 March, 2021
Sudan's cabinet building
KHARTOUM (Sudanow) — Sudan on Friday said it has reached a deal with the World Bank where Khartoum is to receive 2 billion dollars in loans ending three decade of funding denial by the world financing body.
A statement from the Sudanese Ministry for Cabinet Affairs on Friday said Sudan has “clear(ed) its arrears to the World Bank, regaining access to $2 Billion in New World Bank Financing for the first time in almost 30 years”.
The statement said on Friday the Sudan and the World Bank have finalized arrangements to clear Sudan’s arrears to the World Bank through a grant from the World Bank and bridge financing facility from the Government of the United States,” marking the Sudanese people’s first major victory on the path towards debt relief.”
The statement argued that this development marks the resumption of normal operations between Sudan and the World Bank Group, including the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA), in almost 30 years.
It explained that the arrears clearance immediately allows Sudan’s access to concessional financing and other services from the World Bank Group including grants in a total amount of $635 million made available immediately to the Government of Sudan of which $215 million in direct budget support and $420 million in additional financing for the family support program (Thamarat).
Sudan introduced a package of economic reforms the latest of which the floating of the national currency, the pound, preceded by lifting subsidies on fuel, wheat and cooking gas. To mitigate the impact it introduced a family support Programme, where badly affected limited income families would receive cash payment in lieu of subsidies. The Programme was dubbed Thamarat, Arabic for dividends
E N D
MO/AS
Post your comments
Photo of the Week
From Medical Research to the Advancement of Specialized Healthcare: A Scientific Career Bridging Knowledge and Community Service Gedaref – Sudanow Professor Saeed Mohamed Omar has achieved a notable scientific milestone by being included among the world’s top 2% of scientists for 2025–2026 in Clinical Medicine, under the General and Internal Medicine subfield,...
More-
11 October, 2026
Stories from the Heart of the Battlefield On World Teachers’ Day: The Sudanese Teacher — Achievements Against All Odds
Teachers carried their chalk through the rubble and kept working — Resilience War closed schools, but examinations continued — A Mission Low salaries and mounting hardships — The Price of the Profession Khartoum (Sudanow) — Teachers around the world are marking World Teachers’ Day this week, an occasion that carries messages of appreciation and gratitude for those who carry the torch of knowledge...
Contact Us
Address: Sudan News Agency (SUNA) Building, Jamhoria Street, Khartoum - Sudan
Mobile:+249 909220011 / +249 912307547