{"id":35865,"date":"2024-11-07T04:03:23","date_gmt":"2024-11-07T01:03:23","guid":{"rendered":"https:\/\/sudanevents.com\/?p=35865"},"modified":"2024-11-07T04:03:23","modified_gmt":"2024-11-07T01:03:23","slug":"economic-relations-between-dr-jibril-and-ali-youssef","status":"publish","type":"post","link":"https:\/\/sudanevents.com\/index.php\/2024\/11\/07\/economic-relations-between-dr-jibril-and-ali-youssef\/","title":{"rendered":"Economic Relations Between Dr. Jibril and Ali Youssef"},"content":{"rendered":"<div dir=\"auto\"><strong>By Dr. Adel Abdulaziz Al-Faki<\/strong><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The United States and European Union have announced they will not grant loans or aid to Sudan unless a civilian-led government is established in the country. International financial organizations have followed a similar stance, mainly due to the influence of the U.S. voting power within these institutions.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">To adapt, Sudan needs a new strategy for its foreign economic relations. The ideal leaders for this approach are Foreign Minister Ambassador Ali Youssef and Finance and Economic Planning Minister Dr. Jibril Ibrahim. In a press conference on November 3, 2024, Dr. Jibril highlighted that international financial and other organizations working in health, education, and environment sectors are refraining from official dealings with the government, choosing instead to engage with civil society organizations.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">This stance from Dr. Jibril is accurate. Following the \u201ccourse correction\u201d announced by His Excellency General Burhan on October 25, 2021\u2014resulting in the dismissal of Dr. Abdullah Hamdok\u2019s government\u2014the U.S. and EU declared they would only cooperate with Sudan under a civilian-led administration, labeling the event a \u201ccoup\u201d against the civilian government.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Due to U.S. voting power within international financial bodies and its influence on UN organizations it heavily funds, these institutions adopted the U.S. stance, insisting that cooperation depends on a civilian-led government. The international stance has deprived Sudan of significant economic benefits, such as the suspension of Sudan\u2019s debt relief process under the HIPC initiative, despite Sudan meeting all necessary conditions.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Additionally, planned international loans and aid totaling approximately $2.675 billion were intentionally halted. These funds, coordinated by the International Finance Corporation, were earmarked for crucial sectors: $780 million for power reforms, $575 million for agriculture and water projects (especially for well-drilling in Kordofan, Darfur, and eastern Sudan), $300 million for health and education, $100 million for entrepreneurship projects (focusing on women and youth), $820 million for the \u201cThamrat\u201d social assistance program (helping families manage economic restructuring), and $100 million for COVID-19 prevention initiatives for the Ministry of Health.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The freeze on debt relief and suspension of loans by U.S.-dominated Bretton Woods institutions demands a strong national will to explore alternative paths for Sudan\u2019s foreign economic relations. In my view, the best leaders to guide this path are newly appointed Foreign Minister Ambassador Ali Youssef and Finance and Economic Planning Minister Dr. Jibril.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The proposed new path should rest on four pillars:<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">1. Mobilizing Domestic Resources<\/div>\n<div dir=\"auto\">Drawing on the Brazilian model under President Lula da Silva, Sudanese business figures committed to this approach are ready to mobilize national resources.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">2. Utilizing Preferential Loans from China<\/div>\n<div dir=\"auto\">Sudan should engage with China\u2019s Belt and Road Initiative on a win-win basis. Ambassador Ali Youssef, with his experience as Sudan\u2019s former ambassador to China and his critical role in securing Chinese support for Sudan\u2019s oil extraction, is ideally suited to lead this.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">3. Bilateral Cooperation on a Win-Win Basis<\/div>\n<div dir=\"auto\">This includes partnerships with countries supporting Sudan\u2019s legitimate institutions, such as Russia, Qatar, Turkey, Iran, and Egypt. A significant portion of reconstruction projects could be allocated to leading Egyptian companies and entrepreneurs, highlighted by the Sudan-Egypt Business Forum scheduled for November 23, 2024, in Cairo.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">4. Engagement with BRICS<\/div>\n<div dir=\"auto\">Sudan should engage with BRICS (Brazil, Russia, China, India, South Africa) to explore mutually beneficial partnerships. Ambassador Ali Youssef, with his previous ambassadorial experience in both South Africa and China, has valuable connections with this group.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">With determination, Sudan will not bow to unjust Western pressures but remain resilient through its armed forces, steadfast allies, and untapped economic potential. With genuine friends, Sudan\u2019s economy will thrive. God willing.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Dr. Adel Abdulaziz Al-Faki The United States and European Union have announced they will not grant loans or aid to Sudan unless a civilian-led government is established in the country. International financial organizations have followed a similar stance, mainly due to the influence of the U.S. voting power within these institutions. To adapt, Sudan &hellip;<\/p>\n","protected":false},"author":2,"featured_media":20432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-35865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"_links":{"self":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/35865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/comments?post=35865"}],"version-history":[{"count":1,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/35865\/revisions"}],"predecessor-version":[{"id":35866,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/35865\/revisions\/35866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media\/20432"}],"wp:attachment":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media?parent=35865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/categories?post=35865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/tags?post=35865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}