Sudan’s finance ministry said on Wednesday that it welcomed the US Treasury’s move to clear $1 billion in Sudanese arrears to the World Bank.
The move allows Sudan to access $1.5 billion in funds from the International Development Association, the ministry said on its official Twitter account.
Acting finance minister Heba Ahmed said on Monday that the US Export-Import Bank would also provide guarantees to American investors from the private sector that could initially total $1 billion, after the US removed Sudan from its state sponsors of terrorism list.
