Home | News    Monday 21 May 2018

World Bank to promote technical assistance to Sudan

separation
increase
decrease
separation
separation

May 20, 2018 (KHARTOUM) - The World Bank Group (WBG) Country Manager to Sudan, Adama Coulibaly, said his group would provide the necessary technical assistance to tackle the economic challenges facing the East African nation.

JPEG - 13.3 kb
World Bank logo

On Sunday, Finance Minister Mohamed Osman al-Rikabi has briefed the visiting WBG team headed by Coulibaly on the economic reforms implemented in Sudan.

In press statements following the meeting, al-Rikabi said the WBG team is visiting the country to learn about the economic reforms undertaken by the government and the required technical support.

For his part, Coulibaly pointed to the great progress being made in the implementation of the government’s anti-poverty strategy.

He said the WBG would increase the number of its staff in Sudan in order to provide the necessary technical assistance to meet the economic challenges facing Sudan.

According to Coulibaly, the technical support would cover a number of areas especially those pertaining to public finance management, financial systems and economic planning.

The meeting also discussed the need to develop the private sector to contribute to the economic recovery as well as the long-term economic growth.

Following the promulgation of the 2018 budget which included a number of austerity measures, peaceful protests erupted in a number of Sudanese states leading to the killing of a high school student and detention of dozens of opposition activists across the country.

Economists attribute the deteriorating living condition and economic meltdown to corruption, lack of production policies, and lack of economic reform vision following the secession of South Sudan.

They also point to the need to end the war and direct all the national revenue for infrastructure and economic development.

Sudan lost 75% of its oil reserves after the southern part of the country became an independent nation in July 2011, denying the north billions of dollars in revenues. Oil revenue constituted more than half of Sudan’s revenue and 90% of its exports.

The International Monetary Fund (IMF) estimates in a recent report that Sudan’s external debt reached $ 52.4 billion or 111 percent of GDP at end-2016 and, because of the large exchange rate depreciation, rose by 29.5 percent of GDP in 2016.

(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


Will uprising in Sudan provide a new political dispensation? 2019-04-20 06:25:31 By Luka Kuol* The recent wave of uprising in some African countries shows the new means of contesting the African rulers who stayed in power for so long and are hardly to be unseated through the (...)

Sudan’s Uprising: Dealings with remnants of al-Bashir 2019-04-16 21:14:38 By Mahmoud A. Suleiman From the outset, the people of Sudan who have been demonstrating in their glorious popular rebellion for over four months categorically reject the Reproduction or (...)

Sudan’s third civilian uprising and the fourth military coup i 2019-04-16 13:12:52 The third civilian uprising and the fourth military coup in Sudan history ended up with the downfall of Omar Hassan El Bashir after nearly 30 years in power. By Lul Gatkuoth Gatluak The news (...)


MORE






Latest Press Releases


South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)

Joseph Malwal Dong joined the SPLM/A -IO 2019-04-02 08:35:02 SPLM/A (IO) Press Release 1/4/2019 On Hon. Joseph Malwal Dong Joined the SPLM/A (IO) The leadership of the SPLM/A (IO) would like to seize this precious opportunity to announce to members and (...)

Sudan Protests: Investigate the custodial death of three University students 2019-03-13 12:53:14 The African Centre for Justice and Peace Studies (ACJPS) Sudan Protests: Urgent call for investigations into the custodial death of three University students and alleged torture of detainees by (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.