Home | News    Monday 28 September 2020

Sudan’s economic conference calls to lift commodity subsidies

separation
increase
decrease
separation
separation

Opennig session of Sudan's econmic conference on 26 September 2020 (ST photo)September 28, 2020 (KHARTOUM) - Sudan’s Economic Conference Monday approved a recommendation to replace commodity subsidies with direct cash transfers to vulnerable families.

The three-day economic conference concluded its meetings on Monday. It was organized by the government to discuss needed economic reforms to restructure the budget, control inflation and lay down the needed bases for development.

"Commodity subsidies represent a burden on the budget and the trade balance, also, the rural population does not benefit from it, especially subsidies to electricity and cooking gas. (These reasons) require to convert to direct cash support," provide the recommendations of the conference read by an advisor to the prime minister for economic affairs.

The removal of subsidies would directly hit a population suffering for years from the economic crisis and high inflation. However, the measure is needed to curb the ramping inflation and reduce the budget deficit.

Since last year the transitional government vowed to cut subsidies and pledged to keep subsidies on bread and electricity.

But the Forces for Freedom and Change during the conference voiced their opposition to the removal of subsidies for basic commodities and said it is a continuation of the previous regime’s approach in dealing with international financial institutions. They called for an economic plan that mobilizes the country’s resources and control of all military companies.

The recommendation to remove commodity subsidies was met with strong opposition from the members of the Resistance Committees who were in the conference, as they chanted slogans rejecting the move and held banners reading "I do not agree".

Outside the meeting hall, the youth continued chanting, "No to subsidies removal" and called to hold sittings and protests".

The government said it would establish a safety net, funded by the international community, to support poor families and absorb the increase of prices.
The Sudan Partnership Conference held on 25 June pledged to fund a Family Support Programme (FSP) by the Sudanese government to vulnerable families to face the subsidies lift.

On 27 September European Union countries signed an agreement with the World Bank to allocate $110 million to a multi-donor trust fund administrated and managed by the international institution to fund the FSP.

At the occasion, France, Germany, Italy, the Netherlands, Spain and Sweden also announced their support, summing up to $78.2 million USD, bringing the total European contribution to $186.6 million.

Also, the UN Secretary-General in a report to the UN Security Council urged the international community to support the Sudanese government to implement reforms.

"It is imperative that international support is delivered as the transitional Government strives to implement its difficult economic reform agenda," said Antonio Guterres.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.


The following ads are provided by Google. SudanTribune has no authority on it.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Why Sudan’s interests lie in U.S. delisting and normalization with Israel 2020-10-22 06:08:56 By: Trayo A. Ali How will the de-linking of the American process for removing Sudan from the State Sponsor of Terror (SST) list from its process of normalizing relations with Israel diminish (...)

No to calls for anti-peace protests 2020-10-22 06:07:08 By Mahmoud A. Suleiman Some traditional Sudanese political parties have grown old and are crying out to demand that the Sudanese people go out on October 21, 2020, in a major demonstration to (...)

The 21 October March: Who is the Enemy? 2020-10-21 05:52:11 By Yasir Arman One of the main features of the December revolution is its vitality and the broad participation of women and youth, resistance committees, martyrs' families, forces from the (...)


MORE






Latest Press Releases


Sudan: Performing arts is not a crime, assaulting women and artists is! 2020-09-20 08:54:28 The Strategic Initiative for Women in the Horn of Africa (SIHA) Sudan is still struggling with militant Islamist ideology KHARTOUM: Central Khartoum Primary Court issued a verdict against five (...)

Civil Society Statement in Response to The Law of Various Amendments 2020-08-14 07:11:00 A Collaborative Civil Society Statement in Response to The Law of Various Amendments (Abolishing and Amending Provisions Restricting Freedom) – Exposing ‘a wolf in sheep’s clothing’ Sudanese women (...)

Remarks by SRF leaders at the Friend of Sudan meeting on peace 2020-08-13 07:58:58 Chairman of the Friends of Sudan Conference, Your Excellency, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, The Prime Minister of Sudan and the participating team from the (...)


MORE

Copyright © 2003-2020 SudanTribune - All rights reserved.