The head of the economics department of the International University of Sudan, Dr Majda Mustafa, has called on the government to mitigate the effects of coronavirus (Covid-19) measures on small and medium businesses.
Dr Mustafa stressed that the government should … Read more
(KHARTOUM) - Sudan’s annual inflation rate in February hit to 71.36%, up from 64.28% in January 2020, said the Central Bureau of Statistics (CBS) on Sunday.
The CSB attributed the significant rise of 7.08% in February, to the increase in … Read more
The U.S. central banking system announced moves Thursday to stabilize the global financial system by putting $1.5 trillion into short-term lending markets, and the purchase of $60 billion in Treasury bonds to fuel the bond market.
A Fed statement said … Read more
Yesterday, the Sovereign Council, the Council of Ministers, and the Forces for Freedom and Change (FFC) agreed in a trilateral meeting to assign Prime Minister Abdallah Hamdok as the head of the new Economic Crisis Management Mechanism. A FFC leader … Read more
(WASHINGTON) – The International Monetary Fund (IMF) warned that the Sudanese economy would continue its downward trajectory unless the government undertakes crucial fiscal reforms.
“Fiscal reforms are critical to address deficit monetization, reduce inflation, and support social and development programs,” … Read more
(KHARTOUM) - Saudi Arabia and the United Arab Emirates (UAE) have stopped providing announced aid to Sudan, despite previous pledges.
Ten days after the collapse of the al-Bashir regime, Saudi Arabia and the UAE announced a joint $3 billion aid … Read more