Delegation from U.S. treasury visits Sudan
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March 14, 2011 (KHARTOUM) – A delegation from the United States
Department of Treasury arrived in the Khartoum on Monday for talks
with Sudanese officials on several issues primarily the country’s
external debts.
JPEG - 11.6 kb
US department of Treasury
The team is lead by Andrew Baukol, the head of the Treasury’s Middle
East and North Africa office, and will travel to Khartoum and Juba in
its five-day visit.
The Sudanese foreign ministry spokesperson Khalid Moussa welcomed the
visit saying it is the second of its kind as part of U.S. efforts to
assist Sudan in debt relief in coordination with international
financial institutions, European nations and the Paris club.
Moussa said that the finance minister and the central bank governor
will hold talks with Baukol and his team. He also expressed hope that
the visit will yield tangible results to resolve the country’s debts.
Sudan has been lobbying intensively particularly among Western nations
to have its debt canceled as a reward for letting the referendum go
smoothly and without issues.
Most of the country’s $37.8 billion debt dates back to the 80’s under
late president Ga’afar Nimeiri. The majority of it is owed to Saudi
Arabia and Kuwait. The latter has agreed in principle to discuss
forgiving the loans it extended.
Sudan has long complained that political discord with the West has
prevented it from joining the debt relief program known as the Heavily
Indebted Poor Countries (HIPC).
In the last few months Sudan has reached partial debt relief accords
with Slovakia ($40 million), China ($6 million) and Brazil for an
unspecified amount.
North and South Sudan have yet to agree on how to split up the debt as
the country heads towards a breakup officially next July.
(ST)
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