Editorial: Knowledge Economy .. Good Start

The newly appointed Minister of Finance and National Economy, Majdi Hassan Yassin said in his first statement after taking the oath of office before the President of the Republic, that he will work to strengthen the position of Sudan regionally and internationally through improving the economic situation and the optimal use of technical and technological means. He pointed out that he will depend on the main axes for the development of economy, top of which the private sector, youth, besides, and Knowledge economy using experts in this area. He pointed out that the recommendations of the national dialogue will be the basis for the plans and projects of the ministry for the country’s development.
We believe that the statements of the Minister are fortunate as it express a model economic philosophy.
The partnership with the private sector is the key approach towards development and this is practiced in several countries and resulted to outstanding economic achievements.
The concept of partnership between the public and private sectors came as a result of financing policy that aim at the implementation of projects in partnership between the two sector after recognizing the private intercontinental companies have great financial capabilities which can enable it enter into main infrastructure projects e.g. road, bridges, sanitation, health, education security service etc.
Such partnership includes the designing, funding, construction and maintenance of the project.
We recall that the parliament has recently endorsed the Partnership between Public and Private Sector Act, so what is needed now is to strengthen the partnership department established in the Federal Ministry of Finance besides establishing similar departments in the states.
On knowledge economy, the pillars of the new theory of growth relies on knowledge as the essential factor for sustainable economical growth, so it is the platform for innovations which lead to the increase of the growth, and at the same time increase the knowledge growth, hence achieving the sustainable development.
We conclude that the knowledge economy requires the capabilities of youth and their talents in utilizing the information and communication technology to the maximum.

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