Istanbul conference on Sudan economy postponed till March 2012
November 1, 2011 (KHARTOUM) – The Sudanese and Turkish governments agreed to reschedule an international conference that was due to take place next month till March 2012 to allow maximum participation by countries.
Sudan foreign minister Ali Karti made the announcement during his meeting with the Turkish ambassador to Sudan today.
According to foreign ministry spokesperson Al-Obaid Marawih, some countries asked for postponement as the original date is too difficult to honour.
The conference is meant to discuss Sudan’s economy after the oil-rich south became an independent country in July. As a result Sudan has lost its largest source of revenue, as well as hard currency.
The Norwegian ambassador to Khartoum, Jens-Petter Kjemprud, said last October that Sudan will present to the conference its plan to tackle the economic crisis resulting from the south’s secession which will focus on diversifying its economy and investment sources.
Kjemprud further said that Sudan will explain how it will go about about developing agriculture, metallurgy, infrastructure, energy, and increase production in the fields of oil, fisheries and livestock to bring in more hard currency and attract more investment.
The Norwegian diplomat however stressed that this is not a donors’ conference, adding that more than 60 countries have been invited along with United Nations agencies and international financial bodies.
Sudan is lobbying the international community for debt relief to write off close to $40 billion in loans that date back as far as the ’80’s.
Last September, Karti said that world could not simply stand back and watch the country’s economy collapse.
Sudan’s finance minister has said the country may need as much as $1.5 billion of foreign aid a year and plans to slash government spending by a quarter due to budget difficulties.
The governor of the central bank also called on Arab states to deposit around $4 billion in his institution and other Sudanese commercial banks.
(ST)
Logic
Istanbul conference on Sudan economy postponed till March 2012
“world could not simply stand back and watch the country’s economy collapse”
“the country may need as much as $1.5 billion of foreign aid a year and plans to slash government spending by a quarter due to budget difficulties”
The governor of the central bank also called on Arab states to deposit around $4 billion in his institution and other Sudanese comercial banks.
Logic
Istanbul conference on Sudan economy postponed till March 2012
The above is the state of economy in N. Sudan, I won’t even bother with the political or military situation in the country.
Ironically, the usual racist northern commentators on here are completely oblivious to this and would prefer wasting time highlighting S. Sudan’s problems instead of giving solutions for both Sudans to make life better for their average citizen.
Logic
Istanbul conference on Sudan economy postponed till March 2012
And not surprisingly, if any of them reply, it will be more of the usual insults and racist slurs they usually spout out against S. Sudan and African Sudanese in N. Sudan.
The Sudanese people on both side of the border have suffered enough, they need coordinated solutions and not indoctrinated hate mongering. But that’s just wishful thinking to expect that from the bigots and the blindly loyal.
Sam.Eto
Istanbul conference on Sudan economy postponed till March 2012
You must be sick and delusional. No one has stated ANY racist statements against Southern Sudanese or ‘African Sudanese’ That in itself is racist – because ALL Sudanese are African. Those statements would have been deleted or banned. So stop repeating you insulting statements. i will debate and criticize peoples opinions as many criticize mine, but i never spurt any insulting statements.
Sam.Eto
Istanbul conference on Sudan economy postponed till March 2012
On the above subject. Yes Sudan has economic difficulties – but who doesnt (South Sudan doesnt even have an economy!) eupore is running to china for billions of dollars of loans and American has a Trillion dollars owed to the Chinese. The conference for Sudan is for investment. The conference for South Sudan is to beg for money !
South Sudan needs the North for any viable economy to develop.
Sam.Eto
Istanbul conference on Sudan economy postponed till March 2012
GDP (purchasing power parity)
$100 billion (2010 est.)
$95.18 billion (2009 est.)
$89.81 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate)
$68.44 billion (2010 est.)
GDP – real growth rate
5.1% (2010 est.)
6% (2009 est.)
6.8% (2008 est.)
GDP – per capita (PPP)
$2,300 (2010 est.)
$2,200 (2009 est.)
$2,200 (2008 est.)
Show me South Sudan’s
Sam.Eto
Istanbul conference on Sudan economy postponed till March 2012
Commercial bank prime lending rate
9.7% (31 December 2010 est.)
11% (31 December 2009 est.)
Stock of money
$6.256 billion (31 December 2008)
$5.549 billion (31 December 2007)
Stock of narrow money
$7.713 billion (31 December 2010 est.)
$7.003 billion (31 December 2009 est.)
Stock of broad money
$13.5 billion (31 December 2010 est.)
$12.31 billion (31 December 2009 est.)
Baring
Istanbul conference on Sudan economy postponed till March 2012
Sudan government has no plan on how to allocate those money, if they got that money belive me they will spend it on weaponary and army not for the Economy of Sudan. They know what will happen to their economy when South Sudan is gone still they are addicted to army.
Logic
Istanbul conference on Sudan economy postponed till March 2012
Just like I predicted, more insults. Its funny how your numbers are estimates.
I’ve been reading your comments for a while and the racist nature of your critique is blinding. You’re a vile racist bigot. Why do you feel the need to put down S. Sudan to feel good about N. Sudan!
On a positive note, its good you admit that Sudan is an African nation.