France to provide Sudan with $1.5 billion bridge loan to clear arrears
“France will grant a $1.5 billion bridge loan to clear Sudan’s arrears to the International Monetary Fund, French Finance Minister Bruno Le Maire said on Monday.”
News & Analysis: Sudan
“France will grant a $1.5 billion bridge loan to clear Sudan’s arrears to the International Monetary Fund, French Finance Minister Bruno Le Maire said on Monday.”
“The amount of the financing was not disclosed, but the IMF and World Bank put Sudan’s total external debt at an estimated $49.8 billion as of the end of 2019. “
As India’s COVID-19 disaster continues to unfold, Africans in the country are facing grim health risks and financial hardships, with uncertain prospects of when they will be able to return home.
“The Socialist Doctors Association warns of an impending health disaster in the country due to severe medicine shortages.”
“The decision regarding North Kordofan by the Health Emergency Committee includes banning of all social, political, and tribal gatherings in governmental and private institutions, in addition to banning collective breaking of the fast of Ramadan.”
“Doctors at Sennar Hospital went on strike because of the systematic assault on medical personnel in the surgery department on Tuesday. The doctors said in a statement that the strike includes partial suspension of work in the private sector and clinics.”
“As reported by Radio Dabanga last week, 58 percent of essential medicines, including life-saving medicines, are not available anymore in Sudan.”
“Excessive borrowing prior to the pandemic pushed countries closer to the debt ceiling with debt-to-GDP ratios now exceeding 50 percent. This leaves little room for external borrowing as the year starts.”
“A survey conducted by the Africa Centres for Disease Control and Prevention (Africa CDC), in partnership with the London School of Hygiene & Tropical Medicine (LSHTM) has shown that a predominant majority (79% average) of respondents in Africa would take a COVID-19 vaccine if it were deemed safe and effective.”
“In March 2020, the African Union created the Rollo Africa Business Simulation Programme to support SMEs and the informal sector. Of the 490 businesses that applied the programme, 93 percent reported their business was heavily impacted by the pandemic and 95 percent testified they never received any government support to combat the economic downturn.”