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Sudan: Sudan Normalizes Relations With World Bank
VOA, 27 March 2021
Sudan is celebrating the normalization of its relations with the World Bank Group after significantly reducing its debt with the help of a U.S. bridge loan. Read more »
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Sudan: Sudan's Exchange Rate - New Report On How to Sustain Progress and Pre-Empt Risks
Dabanga, 27 March 2021
On February 21, Sudan's civilian-led transitional government implemented a managed float of the Sudanese pound, aligning the official rate of exchange, previously at SDG55 to $1,… Read more »
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Sudan: CFA Organizes Forum On The New Sudan
CFA, 26 March 2021
The Constituency for Africa (CFA), a Washington, DC based education and advocacy organization, organized a virtual forum on Thursday, March 18th, focused on developments in the… Read more »
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Sudan: World Bank Strengthens Its 'Marshal Plan' for the Poor in Sudan
East African, 25 March 2021
Sudan's poor families are due to benefit from a $390 million funding from the World Bank in a programme meant to provide cash transfers crucial for the survival of many during the… Read more »
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Sudan: Sudan's Economic Alliance Forces Demand Govt, Military Companies Designated 'Public Funds'
Dabanga, 23 March 2021
Sudan's Economic Alliance Forces demand that government, military, security, and 'grey' companies be included in the jurisdiction of public funds and not privatised. The recently… Read more »
Sudan - Out With the Old IMF, World Bank Debt, In With the New
The executive boards of the World Bank and International Monetary Fund (IMF) declared Sudan eligible for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Sudan's debt had mushroomed to $56 billion under three decades of the autocratic role of Omar al-Bashir. A transitional government supplanted al-Bashir, making concerted efforts to alleviate Sudan's isolation brought on by his iron-fisted rule. The county's debt to the International Development Agency (IDA) had blocked the country's access to international financial institutions like the World Bank Group. Since 2019, the Sudanese government has made economic reforms to relieve its debt and meet IMF and World Bank Group requirements to access the international funds. The U.S. Treasury provided a same-day bridge loan of $1.15 billion to help Sudan clear its arrears.
InFocus
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Atrocities committed by former president Omar al-Bashir's regime are already well documented, such as the deaths of hundreds of thousands of people and the displacement of millions ... Read more »
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Sudanese Prime Minister Abdallah Hamdok has announced the members of the transitional government's new 25-person cabinet. Hamdok told a press conference in Khartoum that the new ... Read more »
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The move comes 18 months after President Omar al-Bashir was toppled and weeks after Sudan recognized Israel. Khartoum, once dubbed part of the "axis of evil," also agreed to ... Read more »
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The U.S. has removed Sudan from its blacklist of state sponsors of terrorism after nearly three decades. This does not mean that its extensive debt owed to various international ... Read more »
