Current Date:

Sunday, 25 February 2018

Sudan Economic Threats and Challenges

Since the secession of the South Sudan in 2011, the economic situation has affected due to the exit of 80% of oil revenue

, this is one of the internal factors, people always talk about the livelihood difficulties, and prices instability, and they shouldered the government responsibility of economic deterioration, other group attributed the crisis to the corruption, a third category beloved that the US embargo in 1997.
To evaluate or criticize the government economic performance we have to consider three main dimensions, the corruption, US sanctions and the external intervention in economic domestic issues.
Decisions and decrees were issued by the presidents fight against corruption and public fund abusing, a bureau concern with public fund protection was established, this move appreciated by economists, but they demand for law application, also the government expenditure is one of the sensitive points, to tackle this austerity measures were adopted to provide and fund development projects, experts and commentators appealed to government’s organizational structure minimization, to reduce the volume of expenditure, the National Dialogue outcomes addressed the economic crisis, twenty years Sudan was suffering from the US economic sanctions which affected the infrastructure and development process, negotiations and talks  between Sudan and US resulted to the total lift of sanctions in October the sixth,  to release business activities at both national and global level.
Egyptian government objects the lifting of sanctions and urges the US administration to keep sanctions on Sudan, the Egyptian hostility to damage Sudan economy become clear, Sudan can lead the region economically according to economic potential diversity and fertilized land which qualified Sudan to be the World Basket Food, regional and international conspiracy is exercising against Sudan economy.
The economic security of Sudan is red line, Sudan doesn’t allow economic or politic intervention, what happen by Egypt is a war declaration, Sudan has a right to adopt double standard policy with Egypt, but it prefers diplomatic and legal solutions to conflicted and disputed issues.
It is true the government responsible for the economic improvement, but the challenges still on the way, regulations and legislations.
The way towards good economic future was paved by the lifting of the sanctions which means investment influx and hard currency movements, to achieve the business goals private sector should involved in all economic reformation phases and details, UNDP has encouraged Private Public Partnership PPP, this program is to bridge the gap between government and private sector, the government must set regulations to facilitate the mission companies and individuals to carry on duties of development.
Al Gezira state is a good example to PPP initiative, a tremendous development change included all means of services, the president of Sudanese Employers’ Federation Mawia Al Bereir earlier in 2017 has praised the efforts of Al Gezira government saying that transparency and the giving of 80% of the development projects allocated to the private sector.
Economic reformation is a collective duty shared among government, private sectors and legislative authorities.