IMF Expects Sudan’s gross Product to Shrink by 18%

Sudan Events – Rehab Abdullah

In a report published on Thursday, the International Monetary Fund expected that Sudan’s economic growth in 2023 would decline by 18% due to the repercussions of the recent war, which will exacerbate the already widespread humanitarian crisis caused by decades-long conflicts.

The IMF said in its report on the economic prospects in the Middle East and Central Asia region, which was presented in Marrakesh, where the annual meetings of the International Monetary Fund and the World Bank are held, that “the worsening crisis in Sudan will have a significant impact on individuals and livelihoods, with the expectation that GDP growth will contract by 18% during 2023.”