IMF endorses Sudan’s reform plan for battered economy

The International Monetary Fund has signed off on Sudan’s economic reform program, a move that can eventually allow the highly-indebted African country to get debt relief and move ahead with rebuilding its battered economy as it transitions to democratic rule. Until the end of June 2021, IMF staff will be monitoring the implementation of a “home-grown” economic restructuring program that aims at “stabilizing the economy, removing distortions, improving competitiveness, and strengthening governance,” according to an IMF statement released Wednesday. Sudan has been ruled by a transitional military-civilian government following last year’s pro-democracy uprising that toppled longtime autocrat Omar al-Bashir.

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