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FinancialNews


  • 19-10-17

    Sudan's economy to boost up as sanctions ends

    (MENAFN) Sudan's economy is headed towards steady recovery, just one day after the US lifted its 20-year-old economic sanctions, opening the way for critical economic reforms and badly needed investment, Finance Minister Mohamed Othman Rukabi said at a forum on Saturday.

    The move will suspend a trade ban, unfreeze assets and remove financial restrictions that have disturbed the Sudanese economy.

    Minister Rukabi said, "Lifting the sanctions leads to increasing growth and production rates, but in order to benefit from this chance we must bring down inflation, increase exports, decrease imports and government spending, lift subsidies on basic goods and attract foreign investment".

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