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Half of Sudan’s population living below the poverty line: World Bank

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April 30, 2014 (KHARTOUM) – The World Bank’s (WB) country director for Somalia, Sudan and South Sudan, Bella Bird, said that half of Sudan’s population is living below the poverty line and noted that the percentage of poor people in the capital Khartoum has increased by at least 25%.

The World Bank’s country director for Somalia, Sudan and South Sudan, Bella Bird (Ashorooq TV)

The WB agreed on 10 April to establish a $100 million extraordinary fund for donors in order to finance development projects in Sudan until December 2019, while the Sudanese government this year committed $5 million to the fund to help finance development projects.

At a press conference in Khartoum on Wednesday, Bird underscored the need for Khartoum to meet the economic challenges and contribute to poverty reduction, pointing out that $10 million have been allocated for education and natural resources.

Sudan is required to draft and implement a poverty reduction strategy in order to secure debt relief from creditors.

In a related issue, Sudan’s state minister at the ministry of finance, Magdi Hassan Yassin, predicted that Sudan’s economy would grow by 0.2% during the year.

He further underscored the government’s ability to overcome current economic difficulties.

Sudan’s economy was hit hard after the South declared independence in July 2011, taking with it about 75% of the country’s oil output.

The Sudanese pound has lost 100% of its value since South Sudan’s secession, pushing inflation rates to record levels given that the East African nation imports most of its food.

(ST)

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  • 1 May 2014 07:18, by South South

    Fake Arabs, will you use funds non-Muslim country to safe your necks. You people have not seen anything yet. Poor fake Arabs.

  • 1 May 2014 07:41, by Observer

    Shame on our government for allowing half of our people to starve whilst they build unnecessary fancy buildings for themselves, and spend more than 85% of the budget on security and military instead of health and education.
    I suppose they will be all now thinking of ways they can steal the 100 million dollars for themselves and families.
    Shame shame shame!

  • 1 May 2014 08:29, by Kalo

    All funded used for military to killed their own people while fear to confront country like Egypt that took Halif by forced,hiring foreigners like Malian,Niger,chad,Eritrean,Iranian etc while the people of Sudan are suffering, only a few individuals in Sudan are benefiting from the resources of Sudan,shame on you.



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