Development Finance International

DFI, funded by Seco, supported the Government of Sudan in preparing for Technical Working Group and Round Table meetings at the BWI Spring Meetings, which discussed the potential cancellation of Sudanese debt as part of the secession of Southern Sudan and subject to continuing progress on peace in Darfur. Northern and Southern Sudanese officials announced their agreement that the existing debt of Sudan will remain with the North, subject to strong commitment by the international community to cancel most of the debt at the earliest possible dates. They also announced strong progress on debt reconciliation and an Interim Poverty Reduction Strategy, as well as the design of an outreach strategy to creditors.