France says Sudan coup challenges July Paris Club debt accord

Bloomberg

The recent coup in Sudan puts into question a July Paris
Club agreement to rework $23.5 billion of Sudan’s debt, France’s foreign ministry said in a statement.
“It is obvious that the October 25 military coup puts the process into question,” the ministry said. Debt cancellation was part of France’s support to democratic transition, it said.
The US already suspended an economic aid package for the country after the military removed a transition power structure preparing the country for democratic elections in 2023, following the overthrow of long-time dictator Omar al-Bashir in 2019.
The Paris Club, a longstanding informal group of 22 mostly rich western government creditors, agreed in July to cancel about $14.1 billion of the north African nation’s crippling debt burden and restructure $9.4 billion. That was after the International Monetary Fund approved a $2.5 billion loan and said Sudan was eligible for debt relief.
International financial support was meant to help the government reduce liabilities from about $56 billion, or 163% of gross domestic product, at the end of last year, to
$6 billion, and turn around
an economy wrecked by decades of mismanagement, sanctions and isolation from global markets.