“I am very concerned about the recent events in Sudan, and I fear the dramatic impact that this may have on the recovery and the social and economic development of the country,” said the president of the institution, David Malpass.
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One more consequence after the coup d’état which took place in Sudan on Monday, October 25. The World Bank has since suspended “disbursements in all its operations in Sudan and has ceased to process any new operation”, announced Wednesday, October 27 in a written statement David Malpass, the president of the institution. “We are closely monitoring and assessing the situation”, he adds.
>> Prime Minister released, demonstrations repressed … What we know about the coup in Sudan
“I am very concerned about the recent events in Sudan, and I fear the dramatic impact this may have on the recovery and the social and economic development of the country.”, wrote David Malpass.
At the end of June, the IMF’s board approved aid to Sudan of $ 2.47 billion over three years and three months. And in exchange for drastic reforms, including the removal of fuel subsidies, he also found an agreement to reduce the country’s debt by 50 billion over about three years, or some 90% of Sudan’s total debt.