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Washington offers to pay off part of Sudan’s bilateral debt.

The United States, the IMF’s largest shareholder, last month reinstated Sudan’s sovereign immunity and the US Congress passed legislation formalizing the move, following the ending of Sudan’s designation as a state sponsor of terrorism.

The International Monetary Fund is working “very intensively” with Sudan to build the preconditions for broad debt relief, and will assess progress on a staff-monitored program in March, IMF Managing Director Kristalina Georgieva said on Monday.

“We do hope as swiftly as possible to present to the membership a strong case on Sudan for HIPC so that country can reintegrate with the international community,” Georgieva said.”I expect that in March we will have more to tell you.”

The United States, the IMF’s largest shareholder, last month reinstated Sudan’s sovereign immunity and the US Congress passed legislation formalizing the move, following the ending of Sudan’s designation as a state sponsor of terrorism.

Under the US legislation, Washington will be authorizing $111 million to pay off part of Sudan’s bilateral debt, and $120 to help pay off its debt to the IMF while making another $700 million available until September 2022, which will allow it to clear $1 billion in arrears to the World Bank.

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