CAIRO, June 29 (Reuters) – The International Monetary Fund’s executive board has decided that Sudan has reached the decision point for the Highly Indebted Poor Countries (HIPC) initiative, a Sudanese finance ministry official said late on Monday, meaning the country can begin receiving relief on its more than $50 billion in debt.
“Sudan will proceed to negotiations with the Paris Club in July,” senior adviser Magdi Amin wrote on Twitter. (Reporting by Nafisa Eltahir; editing by Jonathan Oatis)
