{"id":154164,"date":"2021-05-07T19:59:10","date_gmt":"2021-05-07T19:59:10","guid":{"rendered":"https:\/\/www.radiofree.org\/?p=196102"},"modified":"2021-05-07T19:59:10","modified_gmt":"2021-05-07T19:59:10","slug":"sudan-debt-relief-moves-forward","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/05\/07\/sudan-debt-relief-moves-forward\/","title":{"rendered":"Sudan Debt Relief Moves Forward"},"content":{"rendered":"<div><\/div>\n<p>WASHINGTON &#8211; Under a debt relief plan won by advocates in the early 2000s, Sudan could see a drastic cut in its $50 billion debt this summer, according to the IMF and the World Bank.&nbsp;<\/p>\n<p>\u201cSudan\u2019s debts would be cut by 85% under the debt relief plan,\u201d said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network, which was a major force for the creation of the debt reduction process. \u201cDebt relief cannot come soon enough for Sudan as the country struggles with the pandemic and a 50% poverty rate.&#8221;<\/p>\n<p>Thirty-seven, out of thirty-nine eligible countries, received debt relief under the Heavily Indebted Poor Countries Initiative or HIPC. In order for Sudan to receive a debt reduction it must meet IMF economic reforms and clear missed debt payments. The United States loaned $1.1 billion to Sudan to clear debt payment arrears to the World Bank and convened creditors to secure debt relief.<\/p>\n<p>&#8220;The United States is an important leader in Sudan debt relief and is playing a crucial role in expanding debt relief policies during the pandemic,&#8221; shared LeCompte, who worked with Republican and Democratic administrations for more than a decade on debt policies. &#8220;This relief for Sudan can support economic growth and stabilize a hard-won peace in a country where conflict raged for 17 years.&#8221;<\/p>\n<p>After Sudan obtains debt relief,&nbsp;Eritrea&nbsp;remains the lone country that could qualify under the HIPC debt relief plan won by Jubilee USA.<\/p>\n\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.radiofree.org\/2021\/05\/07\/sudan-debt-relief-moves-forward\/\">Radio Free<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>WASHINGTON \u2013 Under a debt relief plan won by advocates in the early 2000s, Sudan could see a drastic cut in its $50 billion debt this summer, according\u2026<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/154164"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=154164"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/154164\/revisions"}],"predecessor-version":[{"id":154165,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/154164\/revisions\/154165"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=154164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=154164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=154164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}