Sudan’s economic stabilization and prospects for international support

Sudan has taken notable steps towards economic stabilization, despite the country’s challenging political climate and humanitarian situation.

Following its delisting from the US’s State Sponsors of Terrorism list, the transitional government announced several reforms, particularly the removal of fuel subsidies, exchange rate unification and the recent decision to bring some military corporations under civilian oversight. However, Sudan’s crippling inflation of over 300 per cent continues to intensify hardship for most people.

Sudan has $60 billion in external debt, and requires support from its donors to clear its considerable arrears and ensure much needed debt relief under the Heavily Indebted Poor Countries initiative. The government is on track to meet its commitments under the IMF Staff-Monitored Programme and will seek to implement further reforms.

At this event, panellists will reflect on the transitional government’s priorities for economic reform, the arrears clearance and debt-relief process and expectations ahead of the upcoming Sudan investment conference in Paris on 17 May.

This event will also be broadcast live on the Africa Programme Facebook page.

This event is supported by Humanity United.