Financial and Banking News

BUDGETS AND REVENUES

Sudan Faces Cash Crisis as IHF Cuts Off Lending 

The Sudanese economy, which has been buffeted by recurrent crises of increasing intensity in recent months, suffered a major setback last week as the IMF's Executive Board on 3 February finally invoked its right to declare the country "ineligible to use" the IMF's resources because of its failure to pay $227.1mn due to the Fund. This includes some $218mn worth of...