IMF Approves $50B in Debt Relief, $2.4 Billion Funding to Sudan 

WASHINGTON - As they move their country toward democracy and elections, Sudan officials are hoping that a massive economic boost the international banking community provided this week will wipe out decades of debt and bring stability.    

"The transitional government has now secured a way to relieve Sudan's debt so that the burden is lifted in a very short time," Sudan Prime Minister Abdalla Hamdok said in a nationwide address Tuesday night after the International Monetary Fund had approved $50 billion in debt relief and $2.4 billion in funding.     The decision signals Sudan's full reengagement with the international community and multilateral financial institutions — including the World Bank, the African Development Bank and the IMF — for the first time in decades.     Historic decision