The country is now free of US sanctions, keeping the US away from the financial markets, and the country is preparing to return to the international arena.
Introduce Sudan with a new perspective. On Monday, May 17th, a delegation led by Prime Minister Abdullah Handok and General Abdul Fatah Burhan, Chairman of the Sovereign Transition Committee, joined eight ministers and about fifty private sector leaders. Accompanied by, achieved this goal. . An international conference was held here to encourage a country that has been hit hard by the economy to reinvigorate the country on the eve of the summit, which is also dedicated to convening financing for African countries in the French capital.
Since the fall of the Omar al-Bashir regime in April 2019, after large-scale protests, France has pledged to organize such events to support the political transition process and provide financial support to the country. Has been keeping a distance from the international market. Therefore, the United States registered Sudan on the “list of countries supporting terrorism” in 1993, especially because it welcomed Al-Qaida leader Usama bin Laden. In December 2020, before leaving the White House, former US President Donald Trump removed the country from the blacklist, which is synonymous with economic sanctions and hindering foreign investment.
Two years after the fall of Omar al-Bashir, Sudan still faces many challenges. Thanks to the “partnership” between civilians and soldiers, the country has embarked on an unprecedented political transition and is expected to hold a general election in 2024. But Bashir’s thirty-year legacy, characterized by corruption and mismanagement, and the collapse of debts estimated at more than 60 billion U.S. dollars (over 49 billion euros), is particularly difficult for the new leader. .
Sudan’s debt negotiations will be the number one issue at international conferences. Khartoum needs help to first settle its debts with certain institutions such as the World Bank, the International Monetary Fund (IMF) and the African Development Bank (AfDB).
The document is already very complete. In January, Washington pledged to provide Sudan with US$1.15 billion in aid to help it repay its debt to the World Bank. The United Kingdom, Sweden and Ireland have provided Khartoum with hundreds of millions of dollars in loans to align themselves with ADB regulations. The French side stated that it is prepared to provide a bridging loan of up to 1.5 billion U.S. dollars to help Khartoum repay its debt to the IMF.