Article

2021-07-17 Africa Horn

The ParisClub of official creditors agree to cancel $14 billion owed by Sudan

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Posted by Fred 2021-07-17 00:00|| || Front Page|| [8 views ] Top
File under: Govt of Sudan

#1 Like they were going to get it paid back?

Posted by Croque Fliting8030 2021-07-17 07:18|| 2021-07-17 07:18|| Front Page Top

#2 When you owe $30K on a car loan, that's your problem. When you owe $23 Billion on a...errr...whatever they spent it on...that's the creditor's problem

Posted by Frank G 2021-07-17 07:50|| 2021-07-17 07:50|| Front Page Top

#3 I gotta ask, who would loan Sudan $70 billion in the first place? Bankers on crack?

I wonder how much China is in for.

(Do I like how the numbers in the article keep going up as you read - $14 billion of $23 billion which is actually $70 billion...)

Posted by SteveS 2021-07-17 08:31|| 2021-07-17 08:31|| Front Page Top

#4 I gotta ask

Sudan secures loan to clear African Development Bank arrears

U.S. Treasury signs loan deal to clear Sudan's $1.2 billion World Bank arrears

Posted by Skidmark 2021-07-17 09:27|| 2021-07-17 09:27|| Front Page Top

#5 IMF approves US$2.5b loan, debt relief deal for Sudan

U.S. to Loan World Bank $1 Billion to Clear Sudan Debt

Posted by Skidmark 2021-07-17 09:29|| 2021-07-17 09:29|| Front Page Top

#6 ...and restructure the rest of the more than $23 billion it owes

Like I want to be holding those bonds.

Posted by Raj 2021-07-17 10:48|| 2021-07-17 10:48|| Front Page Top

#7 The “ loaning” of money to crap holes like the Sudan always, ALWAYS has a ton of graft baked into the cake. And the original money along with the bailout money is supplied by taxpayers. What!? You didn’t thing the creditors were using their own money, did you?

Posted by Tyranysaurus Jones4656 2021-07-17 13:30|| 2021-07-17 13:30|| Front Page Top

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