Sudan: Sudan urges cancellation of its debts

Sudan has told the United Nations General Assembly that its debts must be cancelled and its economy supported as it struggles to recover from losing three-quarters of its critical oil revenue to South Sudan when it seceded a year ago. 'Sudan requires assistance to go through this very sensitive stage towards better horizons. For that we believe that debts must be cancelled and its economy supported,' Ali Ahmed Karti, the Sudanese foreign minister, said on Saturday. The International Monetary Fund this week urged Sudan to meet donors to discuss debt relief and some IMF board members called for exceptional efforts from the IMF and the global community to help Sudan reduce its debt of about $40bn.