Coup d’état calls into question Sudan’s debt cancellation, says France – .

Coup d’état calls into question Sudan’s debt cancellation, says France – .

PARIS (Reuters) – The coup in Sudan calls into question the process that would have allowed France to cancel the $ 5 billion debt it owed the African country, the French Ministry of Affairs said on Friday foreigners, the last power to put pressure on the military leaders who took power.

France, Sudan’s second-largest creditor, was a key player in supporting the interim authorities following the ouster of former President Omar al-Bashir in 2019, but the civil transition derailed in October when the military took over. control.

Speaking to reporters at a daily press briefing on Friday, Foreign Ministry spokeswoman Anne-Claire Legendre said Paris had been an “unwavering” partner for Sudan and that the general agenda of Debt cancellation under the Heavily Indebted Poor Countries (HIPC) initiative was agreed at a conference in Paris in May.

“An agreement with the Paris Club was reached on July 15, with each creditor now having to sign a bilateral agreement with Sudan,” Legendre told reporters, responding to a question of whether Paris was reviewing its promise to cancel debt .

“It is clear that the military coup of October 25 calls this process into question. “

At this conference, President Emmanuel Macron promised to cancel around $ 5 billion that France owes Khartoum, granted a loan to clear Sudan’s arrears to the International Monetary Fund and organized a side event to promote investments in the country.

As a sign that the junta is strengthening its control, the military has dissolved the boards of directors of all state-owned companies and national agricultural projects, state television said on Friday.

Reporting by John Irish; Editing by Alistair Bell and Grant McCool


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