From Sudan Tribute, February 13, 2011:
February 13, 2011 (KHARTOUM) – The British government along with the United States have formed a joint committee to look into possible debt relief for Sudan’s debt, the U.K. ambassador said today.
Sudan has been lobbying intensively to have its debt canceled as a reward for letting the referendum held in the South last month to go smoothly and recognizing its outcome.
The British ambassador to Sudan Nicholas Kay who met today with the minister of the International Cooperation, Jalal Al-Digair said that the Treasury in his country is examining ways to alleviate Sudan’s debt burden.
Most of Sudan’s debt dates back to the days of late president Ga’afar Nimeiri. It grew from $9 billion in 1985 to $37.8 billion.
It is believed that Sudan owes Britain close to $1 billion in debt.
The United States promised to assist Sudan internationally with its debt relief effort but cautioned that this is a lengthy and complex process.
The British envoy also revealed that a parliamentary delegation will visit Khartoum later this month to review situation on the ground following the South Sudan’s overwhelming vote in favor of secession.