they may support in this negotiating process

in #poltics3 years ago

It is expected that the new developments that have taken place on the level of Sudanese relations with both the United States of America and Israel will have direct repercussions on the ground, especially with regard to the most important issues,

especially the file of foreign debts and the economic crisis. On the level of external debt, its proportion is higher than the indicative limits, as it reached 166% of the GDP.

Hence, the Sudanese government’s immediate step towards Europe may be to negotiate to reduce its debt, especially since the Paris Club is the most important creditor with 37% of the total debt ratio of about $60 billion, while 51% are debts to multinational institutions, along with 14% for the private sector.

Sudan may support in this negotiating process that the real debt is only about 17 billion dollars, while 37 billion of them are interests and penalties due to the inability to pay these debts on time.

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