منتديات سودانيزاونلاين    مكتبة الفساد    ابحث    اخبار و بيانات    مواضيع توثيقية    منبر الشعبية    اراء حرة و مقالات   
News and Press Releases    اتصل بنا    Articles and Views    English Forum    ناس الزقازيق   
Welcome Guest [Login]
Your last visit: 11-14-2018, 03:28 PM Home

Discussion Board in English World Bank sees southern Sudan growing by 25 per cent next y

Printable Version   Forward   Threaded View « Previous Topic | Next Topic »
Jump to newest reply in thread »

World Bank sees southern Sudan growing by 25 per cent next y

11-28-2005, 00:24 AM
Omar
<aOmar
Registered: 02-14-2003
Total Posts: 239






World Bank sees southern Sudan growing by 25 per cent next y

    World Bank sees southern Sudan growing by 25 per cent next year
    (Reuters)

    27 November 2005

    NAIROBI — The World Bank expects southern Sudan’s economy to expand by 25 per cent in 2006 and maintain double-digit growth for the next few years after a peace deal unlocked billions of dollars in oil revenues.
    “At the very least 25 percent in 2006 and double digits for the next 4-5 years if things go well,” Ishac Diwan, the World Bank’s country director for Ethiopia and Sudan, told Reuters yesterday.
    “You’re starting from a very low base and you’ve got many resources. The south will receive at least $1.3 billion in oil revenues in 2006,” he added.
    Sudan currently produces more than 300,000 barrels of oil a day and plans to produce 500,000 bpd by the end of 2005.
    Under a January deal between the government and southern rebels that ended more than two decades of civil war in which two million people were killed, roughly half the oil wealth goes to the south.
    Diwan said the World Bank, on behalf of a trust fund managing foreign donations, had signed a $27 million grant with the newly-established government of southern Sudan on Thursday.
    The money — $20 million from donors and the rest provided by the new southern administration — is earmarked to buy drugs for clinics, supply schools with textbooks and equipment for government offices. Another grant worth $150 million for roads is expected to be signed next month, he said.
    Diwan said most of the south’s projected $1.5 billion budget for 2006 would be spent on developing a vast region of mud villages and thorny bush lacking electricity, roads, piped water, banks, schools and hospitals.
    “In my view the budget is too ambitious,” Diwan said. “The ministers are new, they have to put projects together. My recommendation to them would be to take their time, accumulate some reserves for a rainy day.”
    With foreign companies from Africa and beyond poised to exploit a surge in post-war demand in sectors ranging from construction and banking to farming, Diwan said the challenge was to encourage growth in the local private sector.
    “Most of the $1.5 billion budget will go to contractors -- all this creates demand for the private sector. With support from a good tax regime — 0 per cent for the next two years — the private sector will respond,” Diwan said.“With a bit of attention you will get a middle class very quickly,” he said. “It’s important to create training centres, microfinance and get southerners involved.”
    Although the World Bank is in charge of managing the trust fund, Diwan did not expect relations between Sudan and the bank to normalise until the country’s $25 billion debt was restructured and reduced. He said the main obstacle was the conflict raging in Sudan’s western region of Darfur, which is not covered by the north-south peace agreement.
    The World Bank quit Sudan more than a decade ago, after the country failed to honour debt repayments.
    Source: Khaleej Times news paper 27.11.2005
                  

Arabic Forum

[Post A Reply] Page 1 of 1:   <<  1  >>

Comments of SudaneseOnline.com readers on that topic:

World Bank sees southern Sudan growing by 25 per cent next y
at FaceBook
Report any abusive and or inappropriate material



فيديوهات سودانيزاونلاين Sudanese Online Videos
Latest Posts in English Forum
Articles and Views
اراء حرة و مقالات
News and Press Releases
اخبار و بيانات
اخر المواضيع فى المنبر العام
صور سودانيزاونلاين SudaneseOnline Images
ويكيبيديا سودانيز اون لاين
Sudanese Online Wikipedia



فيس بوك جوجل بلس تويتر انستقرام يوتيوب بنتيريست Google News
الرسائل والمقالات و الآراء المنشورة في المنتدى بأسماء أصحابها أو بأسماء مستعارة لا تمثل بالضرورة الرأي الرسمي لصاحب الموقع أو سودانيز اون لاين بل تمثل وجهة نظر كاتبها
لا يمكنك نقل أو اقتباس اى مواد أعلامية من هذا الموقع الا بعد الحصول على اذن من الادارة
About Us
Contact Us
About Sudanese Online
اخبار و بيانات
اراء حرة و مقالات
صور سودانيزاونلاين
فيديوهات سودانيزاونلاين
ويكيبيديا سودانيز اون لاين
منتديات سودانيزاونلاين
News and Press Releases
Articles and Views
SudaneseOnline Images
Sudanese Online Videos
Sudanese Online Wikipedia
Sudanese Online Forums
If you're looking to submit News,Video,a Press Release or or Article please feel free to send it to [email protected]

© 2014 SudaneseOnline.com


Software Version 1.3.0 © 2N-com.de