IMF weighs debt relief for genocidal SudanOctober 23, 2013
The genocidal and Arab supremacist regime of Omar al-Bashir is demanding that the International Monetary Fund bailout Sudan by cancelling billions of dollars of external debt.
The Sudan has long been under international and U.S. sanctions for its bloody repression by Arab Sudanese Islamists against black Sudanese Muslims and Christians, and for historically playing host to terrorists from Carlos the Jackal to Osama Bin Laden. Cancelling the Bashir regime’s debts would amount to aiding and abetting a state sponsor of terrorism.
The Save Darfur Coalition has rightly condemned the possible debt forgiveness in even starker terms, declaring: “No Bailout for Sudan’s $34 Billion Debt.” Read it all:
Save Darfur Coalition says No Bailout for Sudan’s $34 Billion Debt
Group Offers Recommendations for Dealing with Odious Debt
ISTANBUL- The Save Darfur Coalition is at the IMF and World Bank Meetings asking officials not to forgive Sudan’s debt. Save Darfur considers Sudan’s debt to be odious, meaning it was borrowed and used against the interests of its own people, in this case, used to finance civil war in the south and genocide against the people of Darfur.
Sudan currently holds USD$34 billion in debt, owed mostly to the IMF/World Bank, western Chinese and Arab creditors. And according to a recent policy report published by the IMF, of all countries, Sudan has the most overdue arrears to the Fund – owing 75% of the USD$2.09 billion in total backpayments. Now, with the global economic recession bringing down oil prices, Sudan’s Minister of Finance, Dr. Awad Ahmed Al-Jaz is in Istanbul asking for a debt-relief package from the IMF and the World Bank.
At the height of meetings in Istanbul, Save Darfur is offering recommendations to the World Bank, the IMF and international leaders on how to deal with odious debt and on what conditions Sudan’s debt can and should be relieved.
Save Darfur is calling on the international community to make clear that Sudan’s debt can only be forgiven if there is concrete and lasting progress toward:
- Peace in Darfur
- The full implementation of the Comprehensive Peace Agreement (CPA), and
- Significant structural reforms that fundamentally change the repressive systems in Sudan.
“The international community should deal simultaneously with Sudan’s economic challenges and human rights abuses. Providing debt relief to Sudan before its leaders demonstrate a commitment to peace will not serve the interests of the Sudanese people, it will only give more political legitimacy and further financial resources to the repressive regime in Khartoum,” says Save Darfur’s Senior Policy Advisor Sean Brooks.