Bleak economic indicators will be the norm in Sudan

Significance

Nevertheless, for the first time since the war broke out, the central bank has presented a monetary policy strategy and the finance ministry a budget.

Impacts

• The number of people fleeing the country could more than double, from 1.4 million as of end-2023 to over 3 million this year.
• Efforts to convince investors in key sectors (oil, mining, agriculture) to maintain or resume operations are unlikely to be successful.
• The currency is set to continue its downward trend in 2024, and efforts to control inflation will fall short.