Egypt to use IMF account to help reduce Sudan’s debt
Egypt announced that it will use its share at the International Monetary Fund to help settle part of Sudan’s outstanding debts, as Cairo sees its own stability and security as being correlated with Khartoum's.
Egypt has announced its participation in the international initiative to help Sudan grow economically by leveraging Cairo's quota with the International Monetary Fund (IMF) in an effort to allow Sudan pay off some of its outstanding debt.
In a May 17 speech to the Paris Conference to Support the Transition in Sudan, Egyptian President Abdel Fattah al-Sisi said, "Egypt will participate in the debt relief initiative to help Sudan secure relief through the use of Egypt’s share in the International Monetary Fund."
