Economic Vision: Sudan Economy Challenges

The main mission of the transitional government is to stabilize economy, which has been suffering for three decades. In 1997 US administration imposed an economic embargo on Sudan, and it has paralyzed the economic growth and deteriorated the whole economic system in the country, even following the toppling of Al Bashir.
Also keeping Sudan on the list of the countries sponsoring terrorism is considered as one of the basic challenges, that stands on the way of development and prosperity, keeping Sudan on US list of terrorist countries, means no international trade activities, and no banking relations, at both regional and international levels.
There are daily challenges and strategic challenges, the daily ones, are concerned with dramatic increase of prices, lack of liquidity in banks and the fluctuation of currency rate exchange, while the strategic challenges related to strategic ones are, mismanagement, injustice, corruption and the absence of law application.
Only few days away from a new cabinet, in which the minister of finance will shoulder huge challenges and obstacles that inherited from the former regime, buts the big challenge that faces the new minister of finance, is the issue of “Terrorism” so, all the global investment and trade rely on “Banking Transactions”, that affected Sudan trade and economy since 1997.
Those who demand for civilian government, miscalculated the economic future, most of them, don’t expect that US still represent a challenge, because the US state department has stipulated removing Sudan from the list of terror by realizing peace in Darfur, Blue Nile and South Kordofan, we know that peace process takes a long time, US should have to separate between peace and economy, particularly during the transitional period.
Civilian supporters imagined that Sudan economy will restore its glory immediately following the collapse of Al Bashir regime; they don’t understand the global agenda setting that looks at interests rather than morals.
Washington policies still affect Sudan economy, it didn’t consider the political changes, and also the US policy hinders the popular initiatives that aimed at funding Central Bank of Sudan.
The initiative will be shocked by the money transaction blocks, this issue required double efforts from the Transitional Military Council (TMC), and the Forces of Freedom and Change (FFC) to put removing Sudan from the list of countries sponsoring terrorism as top priority.

Mohamed Abdalla

Mohamed Abdalla

Economic Vision Email: moabd31@yahoo.com

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