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Sudan needs $10 bn foreign aid over next 2 years: Hamdok - Daily News Egypt

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Sudan needs $10 bn foreign aid over next 2 years: Hamdok

Prime Minister hints at lifting subsidy on some goods, services


Sudan’s Prime Minister Abdalla Hamdok on Saturday said that his country needs $10bn foreign aid over the next two years, to rebuild the economy after the latest political and economic crisis. 

Hamdok told Reuters that the Central Bank of Sudan needs $2bn as foreign exchange reserves within the coming three months, to stop the deterioration of the local currency.   

On Wednesday, economist Abdalla Hamdok was sworn in as the first prime minister of Sudan under the Sovereign Council who should lead the country for the planned 39-month transition to democracy.

Hamdok added that he started communications with the World Bank and the International Monetary Fund to discuss debt restructuring, in addition to communication with friendly countries and funding bodies to support Sudan which has about $56bn debts.

He pointed out the possibility of lifting the governmental subsidy on some goods and services, including breed, fuel, and electricity, as part of his government’s plan to develop the economy.

Furthermore, the new Sudanese prime minister said that he is negotiating with the United States to lift his country’s name from the list of countries accused of supporting terrorism. 

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https://eklutdvotyzsri.dailynewssegypt.com/2019/08/26/sudan-needs-10-bn-foreign-aid-over-next-2-years-hamdok/
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