Expert: More than $1.700 billion the losses in public revenues in Sudan

Cairo_Nahed Oshi

Experts revealed the Sudan reconstruction plan after the ongoing war stopped, which has now extended for 300 days, pointing out the importance of coordination and joining efforts with the involvement of everyone in advancing development, while benefiting from international pledges of emergency aid, development aid, and direct foreign investment.
The Chairman of the Board of Directors of the Sudanese-Egyptian Integration Center, Dr. Adel Abdel Aziz mentioned the economic losses as a result of the war, as losses in public revenues amounted to one billion seven hundred million dollars and 26.3 billion dollars in losses to the gross domestic product. He pointed out in his presented paper on the reconstruction of Sudan – economic and technical aspects during the round table organized by the Supreme Committee for Reconstruction and Compensations in the Transitional Sovereignty Council in the evening, today in Cairo, he indicated that the war is at its end after the Sudanese army was able to eliminate the rebellion. He said that countries, organizations and companies wishing to engage in reconstruction operations need time to collect information and prepare studies in various fields, pointing out that Sudan enjoys diverse economic resources and positive growth rates in the gross domestic product in Most of the past two decades, with government awareness and interest in the role of the private sector, Dr. Adel stated that the responsibility for reconstruction lies with the state, and he said that the state should not leave it at bay to avoid conflict between the agendas of donors and implementers, alongside the responsibility of the private sector, international and regional organizations, the International Bank for Reconstruction, Reconstruction and Development, and the World Bank Group. With the International Development Corporation, international financing institutions, the Multi-Investment Guarantee Agency and other institutions, he revealed Saudi Arabia’s pledges of one billion dollars to Sudan, in addition to 700 million dollars from the United States, which is programmed since the year 2021, in addition to 2.7 billion dollars programmed since 2021 from the International Finance Corporation and donors as well as foreign direct investment (2024\2028) including the $4 billion food security plan and $5 billion from countries, most notably China. He recommended during his paper the resettlement of industries, encouraging investment in safe states, activating the economic partnership with China, using the Chinese yuan as a currency for commercial exchange, using it as a local currency with the Sudanese pound, and restoring control over the value of the pound through obtaining estimated deposits from Qatar and Saudi Arabia, with the government placing its hand on the gold produced from Sudan, while providing a fair price for producers, and the necessity of innovating means to control and control transfers in your bank system.