Second Committee Approves 15 Resolutions, including One Emphasizing Pandemic’s Adverse Impact on Markets, Global Supply Chains

The Second Committee (Economic and Financial) today approved 15 draft resolutions, voting on five of them, including one emphasizing the disruption COVID-19 has had on open market functioning, global supply chains and the flow of essential goods, as well as services.Further to that draft, on “International trade and development”, the General Assembly would call on States to emphasize the importance of supply chains in ensuring unimpeded flows of medical and…

World Bank approves $61.5 million education grant for Sudan

(KHARTOUM) - The World Bank has approved a $61.5 million grant toward reforming Sudan’s education system as part of the country’s biggest education financing project, according to the bank’s statement.The grant, funded by the Global Partnership for Education (GPE), includes a project which will support the improvement of public schools by cutting down tuition, purchasing educational equipment, and increasing sanitation.The Sudanese education minister welcomed the support of the World Bank…

Sudanese pound continues to decline on black market

(KHARTOUM) - The Sudanese pound dropped again against the foreign currencies on Tuesday, as a result of the growing gap between demand and supply in the parallel market. According to dealers who spoke to "Sudan Tribune", the selling price of a dollar ranged between 249 and 250 pounds, compared to 248 on Sunday.   Traders attributed the rise to an increase in demand for foreign currencies while the supply has…

Sudan, South Sudan sign military cooperation deal

(KHARTOUM) - Sudan and South Sudan Thursday signed joint defence and military cooperation agreement between the two countries. The Memorandum of Understanding was signed by the visiting South Sudanese Defence Minister Angelina Teny and her Sudanese counterpart Ibrahim Yassin, according to a statement issued by the Military Media Centre in Khartoum. The defence and military cooperation deal includes "training, exchange of experiences, peace promotion, support and disaster management, as well…

FFC slams lifting fuel subsidies as violation of economic conference decisions

(KHARTOUM) - The ruling coalition in Sudan described the government’s decision to lift fuel subsidies and sell it at market rate as a "flagrant violation" of the decisions of the First National Economic Conference organized by the government last month. This week the government raised the price at the pump of locally produced diesel to 46 Sudanese pounds ($0.8364) a litre from the previous 23 pounds. It also increased the…

China donates 1,500 tons of rice for S. Sudan’s peace process

(JUBA) - The Chinese government has donated 1,500 tons of rice in support of the peace process in South Sudan. The donation, which was given to the National Transitional Committee (NTC), will be used to feed thousands of soldiers assembled in the various cantonment sites across the country. While receiving the donation from the Chinese government on Monday, Stephen Pal, South Sudan’s Minister of Peace Building said the items would…

Egypt, South Sudan to boost cooperation on water issues

(CAIRO) – The Egyptian Prime Minister, Mostafa Madbouly on Monday met South Sudan’s Irrigation and Water Resources minister, Manawa Peter Gatkuoth to discuss water issues. Speaking during the meeting held in the Egyptian capital, Cairo, Madbouly said Egypt would support South Sudan in various fields, with particular focus on South Sudanese students currently in Egypt. The Egyptian Prime Minister further said his country is ready to set up investment projects…

Sudan does not expect immediate improvement in its economy: minister

(KHARTOUM) - Sudan’s Minister of Finance said they do not expect a quick improvement of the economic situation in the country after its removal from the list of state sponsors of terrorism. On Monday, U.S. President Donald Trump announced his readiness to remove Sudan from the terror list as soon as compensations of the victims are transferred to an escrow account before the end of the month. "There will be…
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