Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

Sudan seeks $8bln to revive its economy

Monday, 26 August 2019 17:58
Sudan seeks $8bln to revive its economy

(Ecofin Agency) - The government of Sudan announced this week it is seeking $8 billion to fuel its economy. According to PM Abdalla Hamdok, the resources will be used to pay the import bill over the next two years.

He said his country will need to raise about $2 billion in foreign currency to slow the depreciation of the local currency and stabilize it. This announcement comes at a time when the former UN official, who took office as Prime Minister this week, has begun talks with the IMF and the World Bank to restructure the debt burden of Sudan and enable the country to get new financing from the two Bretton Woods institutions.

The Sudanese government has also engaged talks with the United States to be taken out of the US black list of countries supporting terrorism, which has isolated Khartoum from most of the international financial systems since the 1990s.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Mining


 
Telecom


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.