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Sudan Fails to Secure Debt Relief As Economy Buckles

AFRICANGLOBE - The Sudanese government today announced that African efforts to seek debt relief on behalf of Khartoum have all but collapsed. Sudan's external debt is estimated to have grown by 27% since 2008 from $32.6 billion to $41.4 billion in 2011. The IMF forecast that the debt level will reach $43.7 billion in 2012 and $45.6 billion in 2013. The latter represents 83% of Sudan's 2011 GDP, which was $55.1 billion.
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