BUDGETS AND REVENUES
AMF Reschedules $280m Sudanese Debt
The Arab Monetary Fund (AMF) has written down a portion of the debt it is owed by Sudan which previously stood at Arab Accounting Dinars (AAD) 84mn ($336mn) and has rescheduled the remaining debt of AAD 70mn ($280mn). According to the AMFs chairman and director-general, Dr Jasim al-Manna'i, this is the first time the fund has taken such a step. The repayment period has been extended from the normal 7-9 years to...