The International Conference on Sudan was held on Monday 17th May while the Summit on Financing African Economies is scheduled on Tuesday 18th May 2021.
The conference held yesterday was also joined by heads of financial institutions.
Rwanda’s Presidency has revealed via Twitter handle that Kagame met with Macron in Paris on the sidelines of the conference.
Areas of discussions have not been mentioned but both Heads of State met one month after the release of two reports that investigated the role of France during the 1994 Genocide against Tutsi.
These include ‘Duclert’ report made by expert committee comprised of historians commissioned by President Macron and ‘Muse’ report made on behalf of the Government of Rwanda.
Both reports indicate that French Government led by François Mitterrand between 1990 and 1994 supported the regime the then President Juvénal Habyarimana which planned and executed the 1994 Genocide against Tutsi.
During the conference on Sudan held yesterday, President Macron said that International Monetary Fund (IMF) member countries have agreed to clear Sudan’s arrears to the institution removing the final hurdle to the African nation getting wider relief on its external debt of at least $50 billion.
He also revealed that France will provide Sudan with a $1.5 billion bridge loan to facilitate the clearance to promote debt relief and investment in the African country, adding that his country was in favor of a full clearance of the $5 billion it is owed by Sudan.
Sudan is emerging from decades of economic sanctions and isolation under former President Omar al-Bashir, who was ousted by the military in April 2019 after an uprising.
A transitional government appointed under a military-civilian power sharing deal is trying to pull the country out of a deep economic crisis with inflation at over 300% and shortages of basic goods.
Sudan built up huge arrears on its debt, but has made rapid progress towards having much of it forgiven under the IMF and World Bank’s Highly Indebted Poor Countries (HIPC) scheme, allowing Sudan access to cheaper international financing.