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Sudan Fails to Secure Debt Relief As Economy Buckles

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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.

North Sudan On the Verge of Economic Collapse; Govt Pleads for...

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The Sudanese economy faces collapse unless the international community steps in to provide assistance in the area of debt relief, the foreign minister Ali Karti said on Thursday.
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