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EU to provide technical support for Sudan’s economy

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May 30, 2018 (KHARTOUM) - Head of Delegation of the European Union to Sudan Jean-Michel Dumond has expressed readiness to provide technical assistance for the Sudanese economic sector.

EU’s ambassador to Sudan Jean-Michel Dumond (EU Photo)

Sudan’s State Foreign Minister Osama Faisal on Tuesday discussed with the EU envoy a number of internal issues as well as regional and international issues of common concern.

Faisal briefed Dumond on the latest political and economic developments in Sudan, pointing out that his government is capable of overcoming the economic crisis as it did in the past.

He said Sudan had previously managed to overcome the economic challenges which resulted from the U.S. sanctions and the secession of South Sudan.

The Sudanese minister called on the EU to encourage the European companies to invest in his country, stressing Sudan’s cooperation in the human rights field.

For his part, Dumond said the EU is willing to provide technical support to Sudan in areas of financial reform and expansion of tax umbrella.

He also praised Sudan’s role within the regional bloc IGAD to support the peace process in South Sudan.

Since January, the economic conditions have deteriorated significantly as prices reached high levels and the Sudanese pounds hit historic low against the US dollar leading to an unprecedented rise in the cost of living.

Also, the East African nation has suffered a severe shortage of gasoline and cooking gas.

Opposition forces attribute the deteriorating living condition and economic meltdown to corruption, lack of production policies, and lack of economic reform vision following the secession of South Sudan.

Sudan lost 75% of its oil reserves after the southern part of the country became an independent nation in July 2011, denying the north billions of dollars in revenues. Oil revenue constituted more than half of Sudan’s revenue and 90% of its exports.

(ST)

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  • 31 May 2018 11:03, by Nubason Tima

    I quote "He also praised Sudan’s role within the regional bloc IGAD to support the peace process in South Sudan" how has the Sudan supported peace in South Sudan? And in reality, how can a country support peace in another when it does not have it within its territory? Any support to the regime is Khartoum is translated to the suffering of the citizens

    • 31 May 2018 14:33, by ThaGoblin

      Nubason
      Sudan is mostly supporting the peace process by humanitarian support, hosting civil/rebel refugees and refraining to interfere in south sudan. Naturally if a neighbouring state isn’t cooperating then it’s involved in the war for its own benefit. The gov in Sudan is trying it’s best to change and abandon the mighty islamists that rally the biggest support politically. However without comple

      • 31 May 2018 14:39, by ThaGoblin

        However without complete economic stability that won’t happen since they (islamists) still have the power to destabilise the country. So by supporting the government it it gives them the tool’s to be able to manage the country without religious groups trying to control their every decision. Be patient the people on top know very well that mixing religion with state won’t get them very far.

        • 31 May 2018 14:48, by ThaGoblin

          On the other hand sudan is considered pretty stable compared to the surrounding region. Massive efforts are taking place to ensure stability incuding fighting smuggling and lawlessness and infrastructure investments. For the govs reputation you have to understand that they run the country according to how the most powerful groups want. We have weak institutions and infrastructure even if the gov c

          • 31 May 2018 14:53, by ThaGoblin

            even if the gov chooses the right path the stronger groups will hamper any efforts. It’s very hard to control a country as big as sudan without proper development. The gov mostly have to go with the flow and try their best to tweak that flow over the years to achieve any difference. Remember you’re dealing with an uneducated and poor population, the right decisions arent always obvious



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