Can Sudan Manage Economic Discontent amid Volatile Geopolitics?
There was guarded hope in Khartoum when the U.S. government removed many of its economic and trade sanctions on Sudan in October 2017. Officials thought Washington would move forward with normalising relations, the next step being to strike Sudan from the U.S. State Sponsors of Terrorism list. That would allow the Nile basin country to obtain relief from its $50 billion international debt and attract external investment, both of which are essential for saving Sudan’s failing economy.
The economy has hit rock bottom. It remains crippled by the loss of millions in annual oil revenue since South Sudan seceded in 2011.… Seguir leyendo »