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WB Welcomes Decision on Unifying the Exchange Rate 

 President  of the World Bank , David Malpass, has welcomed  decision of the Central Bank of Sudan  on unifying  and stabilizing the exchange rate.

He tweeted  that the decision has specified nine benefits  for  people of Sudan including minimizing  smuggling   and increase  flows of financial transfers , assistances and investment

 He pointed  out that  announcement of unification of the exchange rate  would make progress  regarding  settlement  of Sudan’ arrears  for the World Bank  and enable Sudan  to provide  resources  and wider participation  for  international  financial institutions  towards Sudan .

.The WB President further added  that  those were main steps  towards launching  initiative  on relief  of Heavily Indebted Poor Countries(HIPC), explaining that the WB Group is working to provide huge support to people of Sudan.

He noted  the WB Group  is  working the International Monetary Fund(IMF)  for finding ways  of facilitating relief  of debts burden  for countries qualified  to grant from  the international financial  institutions.

AB/AB.

Source : Suna

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