In a statement distributed late Tuesday, the fund’s managing director
“Today’s financing milestone marks a historic opportunity for
Its new standing will make the country eligible for new
Sudan’s joint military-civilian government that has ruled the African country after a popular uprising has taken a series of bold steps to try to revive a battered and distorted economy where smuggling is rife. That’s included floating its currency, starting to address heavy government subsidies, particularly on fuel, and seeking investment from international donors.
But some measures also threaten to further impoverish some of the country’s poorest, and have faced opposition from pro-democracy activists who led the popular uprising against autocrat
The revolt led to the military’s overthrow of al-Bashir in