VOL. XXXNO. 220-OCTOBER-1986
FINANCIAL AND BANKING NEWS
INTERNATIONAL BANKING
Sudan to Renege on Part of Its Foreign Debt
The Sudanese Prime Minister, Mr. Sadik al-Mahdi, has recently told the UNGeneral Assembly that his country will not pay back all of its foreign debt of$10bn. 'We will not be in a position to deal with all our external debtsaccording to the customary commercial basis," he explained, adding thatSudan would allocate a portion of its export earnings to pay part of the foreign...
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