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New Sudan cabinet will entrench economic stagnation

Friday, May 19, 2017

Subject

Sudan's new cabinet.

Significance

The prime minister has appointed a new unity government, in accordance with a disputed 'national dialogue' framework completed last year. For the past five years, Sudan has been facing the combined economic pressures of budget cuts, reduced foreign investment, a weakening currency and rising inflation. The former government pushed through some subsidy cuts, despite public protests over the ensuing economic hardship. In January, Washington announced a lifting of economic sanctions on Sudan, raising Khartoum's hopes that it will become easier to attract foreign investment.

Impacts

  • Gulf institutions will provide new financing for energy and infrastructure projects.
  • Mining and agriculture opportunities in the north and centre of the country could also attract some new investment.
  • However, major Western companies will remain wary of doing business in Sudan.
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