World Bank head says optimistic that Sudan reform will lead to growth
WORLD Bank President David Malpass yesterday said he was optimistic that Sudan's exchange-rate stabilization and reforms would lead to broad-based growth and poverty reduction. In remarks to Group of 20 finance officials, Malpass said he expected a rapid clearance of Sudan's arrears to the World Bank, and hoped for speedy progress toward a decision point on debt forgiveness under the Heavily Indebted Poor Countries initiative. Malpass added that both Ethiopia and Nigeria would benefit from ending their own costly dual exchange rate systems.