Financial and Banking News


Sudanese Debt Arrears Reach $2.6bn

According to figures released by the Minister of Finance and National Economy, Mr. Bashir 'Umar, in his 1987/88 budget speech in Khartoum, Sudan's arrears in servicing its foreign debt will reach $2.6bn by the end of December 1987. This represents a quarter of the country's total foreign debt, which is officially put at $10.6bn but may well be of the order of $12-13bn, according to bankers'...