Home | News    Saturday 16 February 2019

Washington, Khartoum to form joint group for banking reform in Sudan

separation
increase
decrease
separation
separation

February 15, 2019 (KHARTOUM) - Head of the economic section at the U.S. embassy in Sudan, Leah Severino, has revealed that talks are underway between Washington and Khartoum to form a workgroup to develop Sudan’s banking sector.

JPEG - 23.8 kb
U.S. embassy in Khartoum

On Thursday, Severino met with the director of the Savings and Development Bank (SDB) branch in El-Fasher, capital of North Darfur State, Mohamed Doka Ahmed.

Ahmed briefed the U.S. official on the SDB’s projects and services in North Darfur, saying the bank provides funding for the small producers and supports them to become entrepreneurs.

He pointed out to a number of projects funded by the SDB including in agriculture, livestock and education sectors, stressing the strong cooperation between the bank and its clients.

For her part, Severino expressed her appreciation to the SDB’s services, underscoring readiness to cooperate with the bank to ensure the success of the projects contributing to the development of the local economy.

On the other hand, the director of the Central Bank of Sudan branch in El-Fasher Abdel-Aziz Ahmed Abdel-Rahman said banks in North Darfur aim to assist the residents to address the adverse effects of the war and reduce unemployment rate.

In October 2017, the U.S. Administration permanently lifted 20-year-old economic sanctions against Sudan citing positive actions on humanitarian access and counter-terrorism.

The decision was in line with the "Five Track Engagement Plan", in which Khartoum agreed to a cessation of hostilities with the armed groups, opened unfettered humanitarian access in the conflict-affected areas, agreed to support efforts for peace in South Sudan and developed cooperation with the U.S. to counter terrorism in the region.

However, Washington didn’t remove Sudan’s name from the list of state sponsors of terrorism. In addition, it keeps in place targeted sanctions against individuals with arrest warrants related to atrocities committed during the conflict in Darfur.

Last November, Sudanese foreign minister El-Dirdeiry Ahmed and U.S. Deputy Secretary of State John Sullivan started talks in Washington on the normalization of bilateral relations and the removal of his country from the terror list which is the major obstacle in this respect.

At the time, sources close to the talks told Sudan Tribune that the two sides agreed to develop a new plan labelled the “five-track engagement +1” to say it would include important parts of the previous five-track engagement that led to the lift of the economic sanctions.

The sources further pointed out that the focus in the new plan will be on the human rights and freedoms particularly religious freedom.

“So, this time Washington wants Khartoum to observe the international law and principles on this respects but also to amend its repressive and coercive laws,” the sources said.

(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


South Sudan: parliamentary or presidential system 2019-11-20 11:27:09 By Jacob K. Lupai This article on the parliamentary system in comparison with the presidential system with reference to South Sudan sets out to answer the question: is parliamentary or (...)

What federal system is suitable for South Sudan? 2019-11-12 11:06:55 By Dr Jacob K. Lupai* Introduction Federalism is seen as a constitutional arrangement for dividing power between different levels of government so that federated states, regions or provinces can (...)

Differences between Sudan government, SRF and FFC are the main issues of concern 2019-11-09 11:17:17 By Mahmoud A. Suleiman As the proverb goes, the difference of opinion does not spoil amity and does not spoil the friendliness issue. On the other hand, mere differences of point of view and (...)


MORE






Latest Press Releases


S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)

Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

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 (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.