UK backs Sudan’s economic reforms & debt relief

(KHARTOUM) - The United Kingdom extended £40 million in aid to Sudan to support cash assistance program that targets poor families and pledged a bridge loan to clear arrears at the African Development Bank (AfDB).The Sudanese ministry of Finance and Economic Planning signed a Memorandum of Understanding (MoU) with the British Foreign, Commonwealth and Development Office that outlines London’s support of Khartoum’s structural economic reforms.The £40 million will finance the…

IMF says momentum building for Sudan debt relief efforts

(KHARTOUM) - The International Monetary Fund (IMF) revealed that several major donors expressed support to efforts aimed at securing debt relief for Sudan.The IMF Managing Director Kristalina Georgieva told reporters during a virtual news conference that an assessment will be conducted in March to see where Sudan stands before deciding on next steps."We’re going to have an assessment in March on how the SMP [Staff Monitored Program] is advancing and…

France to host Sudan’s investment conference in May: diplomat

(KHARTOUM) - French envoy discussed with the senior Sudanese officials the ongoing preparations for a high-level economic conference for economic investment in Sudan next May.Jean Michel Dumont, France Special’s Envoy for Sudan was this week in Khartoum where he met with the Sudanese cabinet affairs minister and the head of the Sovereign Council."The meeting reviewed the distinguished relations between the two countries since the establishment of the transitional government and…

Sudan, South Sudan agree to expand oil cooperation

(KHARTOUM) - Sudan and South Sudan agreed to expand cooperation in the oil production, said a Sudanese official on Thursday.Undersecretary for the Oil Sector at the Ministry of Energy and Mining Hamid Suleiman returned from Juba after meetings on ways to increase oil production with his South Sudanese counterpart.Upon his arrival to Khartoum Suleiman stated that the two sides signed a number of agreements to establish a joint partnership on…

Sudan, South Sudan agree to expand oil cooperation

(KHARTOUM) - Sudan and South Sudan agreed to expand cooperation in the oil production, said a Sudanese official on Thursday.Undersecretary for the Oil Sector at the Ministry of Energy and Mining Hamid Suleiman returned from Juba after meetings on ways to increase oil production with his South Sudanese counterpart.Upon his arrival to Khartoum Suleiman stated that the two sides signed a number of agreements to establish a joint partnership on…

Sudan’s ruling coalition slams 2021 budget

(KHARTOUM) - The economic committee for the ruling Forces of Freedom and Change (FFC) coalition accused the government of misleading the public on the details of the 2021 budget and called for major revisions.In a lengthy statement addressed to Prime Minister Abdallah Hamdok, the committee referred to statements made by the acting finance minister Hiba Mohamed Ali in which she announced that funds allocated for education in the 2021 budget…

Sudan’s ruling coalition slams 2021 budget

(KHARTOUM) - The economic committee for the ruling Forces of Freedom and Change (FFC) coalition accused the government of misleading the public on the details of the 2021 budget and called for major revisions.In a lengthy statement addressed to Prime Minister Abdallah Hamdok, the committee referred to statements made by the acting finance minister Hiba Mohamed Ali in which she announced that funds allocated for education in the 2021 budget…

Sudanese pound falls amid budget impasse

(KHARTOUM) - The Sudanese pound fell on Monday against major currencies as political deadlock continued over the 2021 budget. Traders told Sudan Tribune that the dollar was sold at 267 pounds while the Saudi riyal was traded at 71 pounds and the Emirati dirham at 72 pounds. The Euro was sold at 225 pounds. The dealers attributed the decline in the pound’s exchange rate to an increase in demand for hard currency…
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