UNITED NATIONS - Sudan told the United Nations General Assembly on Saturday that its debts must be canceled and its economy supported as it struggles to recover from losing three-quarters of its critical oil revenue to South Sudan when it seceded a year ago.
The International Monetary Fund this week urged Sudan to meet donors to discuss debt relief and some IMF board members called for "exceptional efforts" from the IMF and the global community to help Sudan reduce its debt of about $40 billion.
"Sudan requires assistance to go through this very sensitive stage towards better horizons. For that we believe that debts must be canceled and its economy supported," Sudanese Foreign Minister Ali Ahmed Karti said.
South Sudan seceded in July 2011. Leaders from both states finally reached a border security deal on Wednesday to restart badly needed oil exports, but failed to solve the other key conflicts left over from when they split.
Think others should know about this? Please share