Sudan gets over $857m from IMF

Sudan received over $857 million from the International Monetary Fund (IMF) as part of a global effort to support vulnerable countries to cope with the negative impact of COVID 19 on their economy.The Central Bank of Sudan premises (File photo)Earlier this week, the IFM announced that about $650 billion have been allocated to its members to address the need for reserves, build confidence, and foster the resilience and stability of…

South Sudan obtains $334 million loan from IMF

South Sudan has obtained $334 million from the International Monetary Fund (IMF) under general allocation of Special Drawing Rights (SDRs).JPEG - 30.5 kbIMF headquarters in Washington, D.C (AP)The loan was approved by the Board of Directors and went into effect on August 23rd, 2021, according a South Sudan Central Bank statement.South Sudan’s Central Bank governor, Dier Tong Ngor said the money from IMF would be improve the living condition of…