Sudan - Policy Support to Preparation for Debt Relief

The proposed project is a two-year US $1-million grant to facilitate Sudan’s access to debt relief and to reintegrate it into the global economy. The intervention is consistent with Sudan’s Economic Reform Program 2015-2019. It will assist the country in its outreach process for debt relief to unlock concessional resources and put its economy on a sustainable growth path. Indeed, debt weighs heavily on economic recovery prospects and precludes the possibility of accessing concessional resources. The project will also complement the Bank’s technical assistance to revitalize Sudan’s economy in the post-sanctions era. This is expected to create more fiscal space and attract foreign direct investments with to end the country’s international economic isolation.