Finance / WORLD

Sudan and OFID agree to pursue bridge financing for arrears

Sudan’s Finance Minister Jibril Ibrahim and the first deputy governor of the central bank met OFID President Abdulhamid Alkhalifa on October 18, Sudan News Agency reported. They discussed arrears owed by Sudan and steps needed to resume the fund’s development financing.

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SUNA said the two sides agreed to use bridge financing and begin immediate talks between technical teams to reach an appropriate settlement of the debt.

Data

Timeline

Arrears talks with OFID

Sudan News Agency reported that Sudan’s finance minister and the OFID president met on October 18 to discuss settling arrears and resuming development finance.

  1. · Occurred

    Bridge financing and technical debt negotiations

    The parties agreed to use bridge financing and begin immediate talks between technical teams to reach an appropriate settlement of the debt.

Methodology

The meeting and next steps are based on SUNA’s report. The source gives no arrears balance or bridge-finance amount; the agreement is not a final debt settlement or approval of new project loans.

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  • Sudan · Place role: Coverage · Place type: Country or area · Location precision: Regional
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    • Explicit preserved editorial country/region; no city or national centroid inferredsuna.sd ↗
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