Sudan's substantial external debt is primarily owed to a diverse array of international creditors, with a significant portion held by various governments and private financial institutions.
The country's debt burden is distributed among multilateral institutions, bilateral government creditors (both within and outside the Paris Club framework), and commercial entities. This varied composition reflects different types of lending and financial relationships Sudan has engaged in over time.
Breakdown of Sudan's Creditors
Sudan's debt is specifically distributed among the following types of creditors, as detailed below:
| Creditor Type | Percentage of Total Debt |
|---|---|
| Paris Club Bilateral Creditors | 42% |
| Non-Paris Club Bilateral Creditors | 36% |
| Multilateral Creditors | 11% |
| Commercial Creditors | 11% |
Understanding the Creditor Categories
- Bilateral Creditors: These are individual countries that have provided loans to Sudan. They are further categorized into:
- Paris Club Bilateral Creditors: This group consists of official creditors, largely from Western nations, who work to find coordinated solutions for debtor countries' payment difficulties.
- Non-Paris Club Bilateral Creditors: These are other sovereign states that have lent money to Sudan but are not members of the informal Paris Club group. Together, bilateral creditors represent the largest share of Sudan's debt.
- Multilateral Creditors: These are international financial organizations that lend to member countries. Examples include institutions like the World Bank and other global development banks.
- Commercial Creditors: This category includes private banks, financial institutions, and other non-governmental private entities that have extended credit to Sudan.
This intricate web of debt obligations highlights the complexity of Sudan's economic challenges and its relationships within the global financial system.
