{"id":292910,"date":"2021-05-17T18:35:55","date_gmt":"2021-05-17T21:35:55","guid":{"rendered":"https:\/\/anba.com.br\/?p=292910"},"modified":"2021-05-19T20:17:20","modified_gmt":"2021-05-19T23:17:20","slug":"france-announced-usd-1-5-billion-loan-to-sudan","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/france-announced-usd-1-5-billion-loan-to-sudan\/","title":{"rendered":"France announced USD 1.5 billion loan to Sudan"},"content":{"rendered":"

S\u00e3o Paulo \u2013 France will grant a loan of USD 1.5 billion to Sudan to pay the country’s debts with the International Monetary Fund (IMF), according to an announcement made this Monday (17) during the International Conference in Support of Sudan, which took place in Paris. In the photo above, French president Emmanuel Macron (center), Sudanese president, Abdel Fattah al-Burhan (left), and Sudanese prime minister Abdalla Hamdok (right) at a press interview during the conference.<\/em><\/p>\n

The secretary-general of the United Nations (UN), Ant\u00f3nio Guterres, stated at the conference that it is necessary to invest in the peaceful and sustainable future of Sudan. \u201cContinued international support for Sudan is essential, as the country is undergoing a historic political and economic transformation,\u201d said Guterres.<\/p>\n

\u201cWe have a responsibility to help Sudan consolidate its democratic transition, rebuild its economy and deliver sustainable peace and development to its diverse society,\u201d said the secretary in a video message.<\/p>\n

The conference, organized by French president Emmanuel Macron, aimed to encourage private investors to return to Sudan as the country continues to emerge from three decades of isolation and rebuild its economy. Representatives from Arab countries, such as the United Arab Emirates and Egypt, also participated in the conference.<\/p>\n

Political transition and debt relief<\/strong><\/p>\n

Sudan’s ongoing transition to democracy began after months of street protests that led to the ouster of ex-president Omar Al-Bashir in April 2019, who was in charge since seizing power in a military coup in 1989. At the end of 2020, the United States removed Sudan from a list of countries that support terrorism, which meant an end to sanctions for other countries trading with or investing in Sudan.<\/p>\n

The country is also seeking support to settle its estimated USD 50 billion external debt, which includes about USD 5.6 billion owed to the IMF, the World Bank, and the African Development Bank.<\/p>\n

\"\"<\/a>
UN secretary-general Ant\u00f3nio Guterres<\/figcaption><\/figure>\n

France announced a USD 1.5 billion loan for Sudan to pay its debts to the IMF, hence paving the way for greater relief under the fund’s Highly Indebted Poor Countries (HIPC) initiative. The United Kingdom and the United States had previously helped to settle arrears with other development banks.<\/p>\n

Comeback<\/strong><\/p>\n

The secretary-general declared the conference is part of ongoing efforts to bring Sudan back to the international community. He praised the countries that helped Sudan to make up for its arrears with international financial institutions, adding that \u201cgenerous donor support\u201d will be needed to achieve debt relief.<\/p>\n

\u201cContinued support from Sudan’s friends and partners is critical,\u201d said Guterres. \u201cIf financial assistance and investments are not available, the dire economic situation could severely affect Sudan’s transition, with negative consequences for peace and stability in the country, the region, and beyond,\u201d he said.<\/p>\n

Guterres emphasized that Sudan needs investment and a sustained commitment to reconstruction, including from the private sector, while regaining eligibility for funding from international financial institutions is an important cornerstone for the country’s economic revival.<\/p>\n

\u201cSudan is undergoing a historic political and economic transformation. I appeal to donors and companies to make a bold investment in Sudan’s peaceful and sustainable future,\u201d concluded the secretary. The information is from a UN release.<\/p>\n

Translated by El\u00fasio Brasileiro<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Communiqu\u00e9 was made during the International Conference in Support of Sudan, this Monday (17) in Paris. UN called on the international community to give financial aid to the country to guarantee the democratic transition and economic reconstruction.<\/p>\n","protected":false},"author":2316,"featured_media":292892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[2157,20639,6814,1854,29326],"class_list":{"0":"post-292910","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-conference","9":"tag-macron-en","10":"tag-paris-en","11":"tag-sudan","12":"tag-sudao-en-2"},"wps_subtitle":"Communiqu\u00e9 was made during the International Conference in Support of Sudan, this Monday (17) in Paris. UN called on the international community to give financial aid to the country to guarantee the democratic transition and economic reconstruction.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/292910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=292910"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/292910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/292892"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=292910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=292910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=292910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}