The Egyptian government is all set to fully assist in rescheduling Sudan's debt to the International Monetary Fund (IMF), said Dr. Youssef Boutros Ghali, the Minister of Finance, indicating that he ac...

The Egyptian government is all set to fully assist in rescheduling Sudan's debt to the International Monetary Fund (IMF), said Dr. Youssef Boutros Ghali, the Minister of Finance, indicating that he accepted an invitation to visit Sudan in order to discuss this file, as well as a number of other issues and projects of mutual interest to both countries. The announcement was made during Dr. Ghali's meeting with Dr. Jalal Al Din Yousif Al-Degair, Sudan's Minister of International Cooperation. In the meeting, which was attended by the Sudanese ambassador to Cairo, Mr. Abdul-Rahman Siral-Khatim, the Finance Minister received an invitation to visit Sudan in order to discuss ways of furthering mutual cooperation between the two countries, meet with the Sudanese President and governors to further discuss details of projects. Discussions are expected to draw on Dr. Ghali's long-standing experience in negotiation with the International Monetary Fund (IMF). Dr. Ghali and the Sudanese official discussed ways of benefitting from Egypt's expertise in the establishment of tourist resorts along the Red Sea coast in Sudan, and the creation of joint fishery projects, which aim to meet the needs of the two peoples. Areas of cooperation between the two countries include Egypt's developing and re-macadamizing Sudan's domestic road network to boost its internal trade and the volume of its foreign trade with Egypt and African countries. In addition, a joint fund for investment and cooperation in the agricultural sector will be established to increase the area of cultivated land in Sudan to cover the Egyptian and Sudanese peoples' needs of agricultural produce. Source:Ministry of Finance