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Old debts complicate Sudan’s fresh start
Talks to remove Sudan from the list of US State Sponsors of Terrorism continue, but rapprochement has accelerated since ex-president Barack Obama’s surprise parting decision to reduce sanctions. Sudan can expect increased business with the west, as well as its Arab/Islamic and Asian partners, but needs to settle old debt issues. Export financiers and fixed income investors are mooting a debt restructuring package, which Sudan never achieved under the Heavily Indebted Poor Countries Initiative launched in 1996 by the IMF and World Bank.
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