BANGKOK (Nabaa Sudan — Sudan’s Minister of Finance and Economic Planning, Dr. Gebreil Ibrahim, has called on borrowing nations to align their positions on debt and development financing, urging structural reforms to the international financial system to better support developing and conflict-affected countries.
Speaking during a meeting of the Borrowers’ Platform held on the sidelines of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Bangkok, Dr. Ibrahim emphasized that unity among borrowing states is crucial for achieving fiscal sustainability, securing concessional financing, and building resilience against global economic shocks.
The Minister urged borrowing nations to leverage the platform to lead a unified, collective dialogue with creditors and international financial institutions. He stressed that global financing systems must be reformed to address the specific needs of developing nations, particularly those navigating economic fragility and armed conflict.
Detailing the severe domestic fallout from the conflict that broke out in April 2023, Dr. Ibrahim noted that the ongoing war has devastated Sudan’s economy, crippled public infrastructure, and drained essential services. He underlined the critical need for effective international partnerships and sustainable financial resources to fund economic recovery and reconstruction.
Dr. Ibrahim also highlighted the Borrowers' Platform as a key mechanism to enhance public debt management capabilities and coordinate debt relief. He reiterated Sudan's focus on completing its requirements under the Heavily Indebted Poor Countries (HIPC) Initiative, which would grant the country substantial debt relief and create the fiscal room required to fund vital public services and development projects.
Reaffirming Sudan’s commitment to active engagement within the platform, Dr. Ibrahim called for responsive, crisis-oriented financing mechanisms and greater international cooperation to help fragile nations transition toward stability and sustainable development.
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