US agrees to loan Sudan $1.2bn deal

US agrees to loan Sudan $1.2bn deal


The United State of Of America has agreed to give Sudan a bridge, or short-term, loan of $1.2bn (£880m) to help it clear its arrears with the World Bank, Treasury Secretary Steven Munchin has said.


He made the announcement following his first visit to Sudan since the US removed it from its list of "state sponsors of terrorism" last month.


Mr Munchin met Prime Minister Abdallah Hamdok and General Abdel Fattah Abdelrahman Burhan who are in a power-sharing deal since long-serving ruler Omar al-Bashir was ousted in 2019.


Mr Munchin tweeted that he had signed a memorandum of understanding with the government "to provide a bridge loan that will enable Sudan to clear its approximately $1.2bn arrears to the World Bank once the agreed conditions are met