Home | News    Monday 10 March 2014

Sudan says its records of external debt are 95% accurate

separation
increase
decrease
separation
separation

March 9, 2014 (KHARTOUM) – The Sudanese minister of Finance Badr al-Deen Mahmoud announced that the government has achieved a 95% match of its external debt records with that of creditors which along with implementing the International Monetary Fund (IMF) reform program for debt relief would support Sudan’s strategy to combat poverty.

JPEG - 6.7 kb
Sudanese finance minister Badr al-Deen Mahmoud (SUNA)

The International Monetary Fund (IMF) said in a report released last November that Sudan’s debt will hit $44.7 billion in 2013 which amounts to 85% of its Gross Domestic Product (GDP).

Last January, the British Minister for Africa Mark Simmonds said that resolving Sudan’s debts is contingent upon Khartoum approving poverty reduction strategy.

Mahmoud, who chaired a meeting at his ministry of the committee tasked with drafting a strategy to combat poverty, said the panel will review all documents and reports related to social welfare system.

The minister stressed that the economic and financial policies of the government are working to create a "pro-poor budgets" and noted the coordination committee they have in place with the Ministry of Welfare and Social Security.

He praised the government bodies that are working in accordance with the interim strategy to combat poverty which was launched through development partners, conducting the family budget and poverty survey for 2014, absorbing the social aspects and the provision of basic services of health and education across the states .

He called for a focus on good preparation of a detailed report that includes all types of social support included in the general budget along with social work offered by the Ministry of Welfare and Social Security.

"What is required is relief for strategic interim debt that has been in place for a period of at least a year , because the economic sanctions constitute a significant burden on the people by increasing poverty," Mahmoud said.

President Omer Hassan al-Bashir has formed a ministerial committee to prepare a strategy to combat poverty headed by the Minister of Finance and Minister of Welfare and Social Security as alternate chairman with membership of other relevant agencies. He also established a steering committee headed by Undersecretary of finance Magdi Hassan Yassin.

The Minister of Welfare and Social Security Masha’ir al-Dawlab said that the anti-poverty strategy has to be pay attention to the strategic planning process to achieve their goals especially in terms of poverty .

She stressed the importance of accommodating the study by the African Development Bank (ADB) in the role of social security mechanisms in the fight against poverty .

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


How pursuit of good life dominates ethical conscience in Africa 2014-07-27 05:03:47 By Francis Ayul Yuar July 26, 2014 - Looking at the African Continent, my country in particular within this critical time of post independence political and ethnic’s violence, one’s mind wondered (...)

2015 elections are not a priority for Sudanese 2014-07-23 04:35:55 By Mahmoud A. Suleiman July 22, 2014 - This article comes against the backdrop of the news that reported the announcement of the National Elections Commission (NEC) that it had prepared the (...)

Bashir rests assured laden-burden on the Sudanese people’s shoulders 2014-07-14 06:09:16 By Mahmoud A. Suleiman July 13, 2014 - Omer al-Bashir believes that his continuing in power better protects him from tracking and prosecution by the International Criminal Court (ICC). He clings (...)


MORE








Latest Press Releases


Memory, healing and transformation in South Sudan 2014-07-23 05:55:08 Memory, Healing and Transformation in South Sudan A Working Paper by David K. Deng July 2014 Contents Introduction 1 What is memorialization? 2 Timing 2 Risks 3 Principles 3 Integrity 3 (...)

South Sudan: Independence Day marred by ongoing war crimes and looming famine 2014-07-09 01:39:56 AMNESTY INTERNATIONAL PRESS RELEASE 8 July 2014 South Sudan: Independence Day marred by ongoing war crimes and looming famine · Both sides to the conflict committing war crimes and crimes (...)

UN urged to probe alleged cover-ups and manipulations by its mission in Darfur 2014-06-26 05:40:52 Strengthen Peacekeeping Mission’s Rights Reporting, Civilian Protection (New York, June 25, 2014) – The United Nations secretary-general should investigate alleged cover-ups and manipulation of (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.