Sudan to continue the liberalisation of its economy
June 11 - 2021 KHARTOUM
Minister of Finance and Economic Planning Jibril Ibrahim at a press conference in Khartoum yesterday (SUNA)
Sudan’s Minister of Finance and Economic Planning, Dr Jibril Ibrahim, announced yesterday that his ministry would continue to adopt liberalisation policies “until the Sudanese economy recovers from the distortions it has long suffered from”. Ibrahim admitted that citizens would initially suffer from those policies but promised that ‘ordinary people’ would benefit from economic reforms.
The minister explained that citizens will experience the painful initial effects of some policies, but that they are nevertheless the only way to “remove the distortions” in Sudan’s economy and work towards stable economic reform.
Jibril Ibrahim further explained that the subsidy policy was “one of the failed and unfair policies” in which citizens are treated unequally. The minister affirmed that ‘ordinary people’ would be the first beneficiaries of subsidy removals as this helps to direct funds towards important sectors such as health, education, and electricity or the combat of crime.
The Minister said that he was aware of the sufferings of the people and the state's disability to control the current market price hikes but stressed that these liberalisation policies allow the ministry to regain control over the market and act on behalf of the country’s real needs.
Ibrahim also apologised that his ministry and the Ministry of Trade did not manage to fully cover the “My Commodity’ programme but promised that the Ministries of Finance and Trade are endeavouring to provide commodities for people at cost price.
Bread and fuel protests in Khartoum in January (social media)
Bread and fuel protests
Food and other commodity prices have been on the rise in Sudan. OCHA reported last week that prices continued to rise in April. This is especially difficult for Sudan's displaced.
Earlier this year and for the second half of last year, Sudan was engulfed by a wave of protests against recent price increases in consumer goods, fuel, and subsidised bread shortages.
The protests against increased prices of essential commodities were triggered by Sudan’s economic crisis and high inflation, which caused high price increases without the financial support for civilians to adapt to these price increases.
The response of the Sudanese government to these developments was widely criticised by civilians.
Economist Prof Mohamed Sheikhoun, for example, criticised elements of the 2021 budget, including the removal of fuel subsidies, the increase in electricity fees, and the rising expenditure on security forces and government agencies.
He told Radio Dabanga in January that the government had practically abandoned the provision of commodities by removing essential subsidies on fuel and electricity.
A queue in front of a bakery amidst bread shortages (file photo)
IMF and international support
The international community has lauded Sudan’s economic reforms after its re-entry into the international economy. During the Paris Conference last month, economic reform was a big theme.
UN Secretary-General António Guterres, for example, commended the Sudanese government for undertaking the “difficult economic reforms” and French President Emmanuel Macron also called for the continuation of the “courageous economic reforms”.
Sudan is currently going through a debt relief process under the International Monetary Fund’s (IMF) Heavily-Indebted Poor Country (HIPC) Initiative.
IMF Director Kristalina Georgieva lauded the progress Sudan has made on economic reforms under the IMF Staff-Monitored Program (SMP). Georgieva explained that the debt relief programme "would help unlock significant new financial resources to address Sudan’s large development needs and poverty reduction”.
She also explained that debt relief will be delivered as long as Sudan continues its reform efforts.
Last month, the World Bank’s Vice-President for Eastern and Southern Africa, Hafez Ghanem, stressed that the international community appreciates Sudan’s efforts to improve its economy, fight poverty, and pursue all the necessary economic reforms.
Back to overview
June 27 - 2021
US State Department lauds Sudan's 'great progress' in financial transparency
June 25 - 2021
Interview with analyst Hafiz Ismail: 'Why is the government not solving any of these bigger problems?'
June 16 - 2021
PM Hamdok pledges to address obstacles to Sudan’s economic reforms
May 25 - 2021
World Bank promises $2 billion for development projects in Sudan
May 18 - 2021
Sudan secures international support at Paris Conference
More news
July 25 - 2021 PORT SUDAN
COVID-19 spikes in Sudan’s Red Sea state – call for lockdown, curfew
July 23 - 2021 RADIO DABANGA
Interview with Siham Admed: The first woman to hold the position of Under-Secretary at the Ministry of Justice
Internews: Most fake COVID-19 rumours in Sudan concerned with possible treatments or cures
July 22 - 2021 EL FASHER / KABKABIYA
Hundreds protest deadly attack on North Darfur displaced
July 21 - 2021 RADIO DABANGA
♦ Sudan: This week's news in brief ♦
More news
Our editorial independence means that we can continue to provide fact-checked, reliable updates to Sudanese people and international stakeholders.
Subscribe to our weekly newsletter:

RSS | Disclaimer | Privacy Policy | Contact
© Radio Dabanga
HomeAll newsCovid-19BroadcastsAbout usContact usSupport Dabanga