The European Union commends the decision of the civilian-led Transitional Government of Sudan to move ahead with the exchange rate reform, which is an important step for the country’s economic recovery.
The reform will pave the way for debt relief, including enhancing Sudan’s ability to reach the Decision Point under the Heavily Indebted Poor Countries (HIPC) Initiative. This is the moment when the country is about to successfully complete key structural reforms, agreed with the IMF and the World Bank, and may begin receiving interim debt relief.
It should also lead to the swift launching of the Sudan Family Support Program, designed to mitigate the socio-economic impact of economic reforms on the Sudanese population, and to which the European Union and its Member States are the main donors.
EU remains firmly committed to supporting Sudan’s democratic transition and economic reforms both politically and financially.