5th May 2021, Dr. Gibril Ibrahim Mohammed, Sudan’s Minister of Finance and Economic Planning, Nnenna Nwabufo,African Development Bank Director-General, East Africa Region, sign grant agreements for the arrears clearance
Following approval of the proposal by the Boards of Directors of the African Development Bank Group to clear about $413 million in arrears on loans owed by Sudan, the Bank Group has completed the arrears clearance process, enabling the East African country to  have immediate access to new financing.

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Author: The African Development Bank