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Kristalina Georgieva, Managing Director of the International Monetary Fund. Image Credit: AP

Washington: The IMF executive board on Monday approved a financing plan “to cover its share of debt relief to Sudan,” Managing Director Kristalina Georgieva announced.

“This marks a critical step in helping Sudan advance the process of normalizing relations with the international community,” Georgieva said, adding that the “plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from IMF internal resources.”