Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

IMF: Sudan’s growth prospects constrained by sanctions

by Anadolu Agency

KHARTOUM, Sudan Jun 03, 2016 - 12:00 am GMT+3
by Anadolu Agency Jun 03, 2016 12:00 am

The IMF has said that economic sanctions imposed on Sudan have constrained the growth of the country's economy.

Sudan has been subject to U.S. sanctions since 1997 and is on an American blacklist of countries accused of sponsoring international terrorism since 1993.

The IMF said on Thursday that Sudan had recovered from the economic shock caused by the secession of South Sudan five years ago.

Sudan lost three quarters of its oil revenues after the separation in 2011.

Eric Mottu, IMF head of team, said in a statement that Sudan had made "remarkable progress" toward macroeconomic stability and growth. Mottu added that the five-year reform plan adopted by the Sudanese government in 2011 could contain the fiscal deficit, slow money growth, reduce inflation and support growth.

"Despite these efforts, growth prospects are constrained by sanctions and continued large macroeconomic imbalances. The breakdown of correspondent bank relations due to de-risking associated with economic and financial sanctions weighed on trade, investment and growth'' he added.

He further called on the Sudanese government to engage with international partners to secure comprehensive support for debt relief and the lifting of sanctions.

Sudan is also eligible for debt relief under the Heavily Indebted Poor Countries initiative.

  • shortlink copied
  • Last Update: Jun 03, 2016 10:54 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    homepage
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Citizens of Brazil's northeastern Alagoas state, Maceio, left en masse, hoping to escape the destruction of their homes with dozens of cavities beneath their floors caused by four decades of salt mining.

Homes stand abandoned in the Bom Parto neighborhood of Maceio, Alagoas state, Brazil, March 7, 2022.
    Ghost towns: 55,000 flee Brazil neighborhoods due to urban miningv
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021