The United States confirmed Friday that it has provided more than one billion dollars in financial aid to Sudan to help enable the country to pay back arrears due to it to the World Bank, welcoming the reforms being made by the Sudanese government.
The US administration headed by Joe Biden announced that it had implemented a financing agreement signed by former Treasury Secretary Stephen Mnuchin in January during a visit to Sudan, which has been facing for several years unrest due to the deteriorating economic situation.
On Thursday, the Treasury provided Sudan with $ 1.15 billion for interim financing, in the form of loans to cover short-term needs. The Treasury Department did not allocate funds from the budget funded by taxes imposed on Americans.
And the new Treasury Secretary, Janet Yellen, declared in a statement that the Sudanese transitional government “deserves to be noted for undertaking harsh but necessary reforms to restore the social contract with the Sudanese people.”
“The financing will bring Sudan a further step towards easing the debt burden that it desperately needs and helping the country to re-integrate into the international financial community,” Yellen said.
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