Support Khartoum: Sudan calls on the international community to back its industrial recovery program.
Sudan is plagued by an economic crisis due to the war.
The Sudanese government has called on the international community to support the industrial recovery program currently being prepared in cooperation with the United Nations Industrial Development Organization (UNIDO).
Sudan's speech before the United Nations
In his speech at the roundtable on green manufacturing in the context of crises, held as part of the Vienna International Conference, Sudan’s representative to the United Nations and international organizations in Vienna, Magdi Ahmed Fadl, stressed the importance of taking into account Sudan’s particularities and its great potential in the field of renewable energies, which contributes to enhancing food security in Africa and the Arab world, supporting green mining, and contributing to achieving peace.
Regarding economic developments in the country, the Supreme Economic Committee in Sudan, chaired by Prime Minister Kamil Idris, issued a series of decisions a few days ago aimed at stabilizing the exchange rate and enhancing the country’s economic performance.
According to the Sudanese News Agency, the committee took important measures, most notably controlling and regulating the import of luxury goods, activating the role of the ministries of the economic sector to maximize and diversify exports, in addition to developing policies that encourage expatriates to transfer their money through official channels.
Economic crisis in Sudan
The highest price for the US dollar against the Sudanese pound in banks reaches 3350 pounds for buying and 3375 pounds for selling, while the price of the US currency in the parallel market reaches an average of 3600 pounds.
Since the outbreak of war in April 2023, the Sudanese economy has entered a critical phase characterized by widespread contraction and a decline in the performance of most sectors, amid the complexities of the situation and the overlap of internal and external factors, and the complete shutdown of more than 80% in the industrial and manufacturing sector, and the cessation of agricultural projects and state institutions.
Financial institutions and economists estimate that Sudan’s GDP shrank by between 40% and 50% during the period from 2023 to 2025, a decline that ranks as the largest in the African continent in recent decades.
