Sudan Needs Swift Reforms
Sudan Needs Swift Reforms

Sudan Needs Swift Reforms

Sudan Needs Swift Reforms

The World Bank urged Sudan to undertake swift structural reforms to revive its ailing economy, which a top Sudanese official insisted had been adversely impacted by US trade sanctions, AFP reported. Rising inflation and the loss of nearly 75% of oil earnings following the north-south split in 2011 have led to a steady decline in the country’s economic growth over the past few years. The decline comes on top of an economy already damaged by US trade sanctions imposed since 1997, making international banking transactions cumbersome when it comes to doing business with Sudan. “It is essential that Sudan undertakes a combination of institutional, macro-economic and sectoral reforms to reach a stable growth path,” said a World Bank report released in Khartoum. “While the authorities have succeeded in reducing inflation and slightly recovering from the negative growth rates of 2011 and 2012, more must be done to ensure a more stable medium-term outlook,” said the report’s lead author, Michael Geiger.


Short URL : https://goo.gl/HNnjnf
  1. https://goo.gl/CEBTA9
  • https://goo.gl/YKHxGk
  • https://goo.gl/my0wSk
  • https://goo.gl/O4ZKOD
  • https://goo.gl/tmd2HH

You can also read ...

Curing existing patients also decreases the number of carriers able to transmit the virus to new patients.
Goldman Sachs has outdone itself this time. That’s saying a...
Transnational organized crime is involved in all forms of illicit trade, from human trafficking networks and tobacco smuggling, to trade of counterfeit goods.
Illicit trade in any of its forms—tobacco, pharmaceuticals,...
The vast majority of US businesses are pass-throughs, including those owned by President Donald Trump.
The US' Congressional Budget Office warned earlier this month...
The accumulation of bankruptcy cases means that  it sometimes takes about six months just to get  a new insolvency case admitted to court.
India’s revamped bankruptcy process is in full swing and...
Finland’s Nordea Bank Predicts Growth to Stagnate After 2020
Finnish economic growth is set to keep its strong path this...
Swiss Investor Confidence Weakest Since Late 2016
Switzerland’s investor confidence deteriorated further in...
Argentina Gets 32 Road Project Bids
Argentina says it received 32 bids for six road projects...
Kenya Growth Slows to 4.9%
Kenya’s economy grew by 4.9% last year from 5.9% in 2016, the...