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Re: السودان لم ينجح احد بمقياس الحريه الاقتصاديه وجاذبية الاستثمار بسبب فساد نظام الانقاذ!!!! (Re: wesamm)
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SUDAN Rank: Suspended Score: n/a Category: n/a The political situation in Sudan, Africa’s largest country, is complex. After a 1989 military coup, President Omar Hassan al-Bashir and his inner circle of National Congress Party advisers ruled under a declared state of emergency, with parliament disbanded, parts of the constitution suspended, and civil liberties restricted. On July 9, 2005, pursuant to a January 2005 peace agreement that ended the decades-long civil war between the Arab Islamist government in Khartoum and the Christian African Sudanese People’s Liberation Movement/ Army that had cost millions of lives, a government of national unity was established under an interim constitution. Under the January agreement, which included compromises on political representation, self-determination, and distribution of oil resources, John Garang, leader of the main southern rebel group, was named vice president. Garang died in a helicopter crash only three weeks after assuming office, but his deputy, Salva Kiir, appears to have no difficulty succeeding him. In the western Darfur region, the government continues to support Arab Muslim militia groups, known as jinjaweed, who are committing genocide against black African Muslims. Estimates indicate that the conflict has resulted in up to 300,000 deaths and has affected 2.5 million persons, including approximately 2 million internally displaced persons in Darfur and refugees in neighboring Chad. Sudan’s economy is hindered by instability, conflict-damaged infrastructure, economic mismanagement, and corruption. Oil reserves provide a potential resource for development. Until significant oil production began in 1999, the economy was predominantly agrarian, and most people remain engaged in that sector. TRADE POLICY Score: Not graded According to the World Bank, Sudan’s weighted average tariff rate in 2002 (the most recent year for which World Bank data are available) was 19.6 percent, up from the 4.4 percent for 1996 reported in the 2005 Index, based on World Bank data. Corruption pervades the customs service. FISCAL BURDEN OF GOVERNMENT Score—Income Taxation: Not graded Score—Corporate Taxation: Not graded Score—Change in Government Expenditures: Not graded Final Score: Not graded Sudan’s top income tax rate is 20 percent. The top corporate tax rate is 35 percent. In 2003, according to the International Monetary Fund, government expenditures as a share of GDP increased 2.8 percentage points to 15.8 percent, compared to a 0.7 percentage point increase reported last year. GOVERNMENT INTERVENTION IN THE ECONOMY Score: Not graded According to the African Development Bank, the government consumed 10.6 percent of GDP in 2003. In the same year, based on data from the International Monetary Fund, Sudan received 56.55 percent of its total revenues from state-owned enterprises and government ownership of property in the oil sector. SCORES Trade Policy n/a Fiscal Burden n/a Government Intervention n/a Monetary Policy n/a Foreign Investment n/a Banking and Finance n/a Wages and Prices n/a Property Rights n/a Regulation n/a Informal Market n/a Population: 33,546,000 Total area: 2,505,810 sq. km GDP: $14.5 billion GDP growth rate: 6% GDP per capita: $433 Major exports: crude oil, cotton, sesame, livestock Exports of goods and services: $2.2 billion Major export trading partners: China 40.9%, Saudi Arabia 17.1%, United Arab Emirates 5.4% Major imports: machinery and equipment, manufactured goods, petroleum, transport equipment Imports of goods and services: $1.9 billion Major import trading partners: Saudi Arabia 16.3%, China 14.2%, India 4.2%, France 4.1% Foreign direct investment (net): $1.3 billion 2003 Data (in constant 2000 US dollars) 356 2006 Index of Economic Freedom MONETARY POLICY Score: Not graded From 1995 to 2004, based on data from the International Monetary Fund’s 2005 World Economic Outlook, Sudan’s weighted average annual rate of inflation was 8.21 percent. CAPITAL FLOWS AND FOREIGN INVESTMENT Score: Not graded Foreign investment in Sudan is restricted by cumbersome regulations, political instability, and corruption. The government is seeking foreign investment, especially in connection with the privatization of state-owned enterprises. According to the Economist Intelligence Unit, however, “The poor state of the SOEs has discouraged potential private operators, who are not only unwilling to take on the companies’ debts, but are also aware of the substantial investment many of the firms require after years of neglect. There has been substantial opposition to the privatisation programme among Sudan’s influential labour unions…. In addition, accusations of corruption have dogged the privatisation programme, with government officials alleged to have demanded payments, while those linked to the senior ranks of the regime are reported to have bought state assets at prices well below their true value.” Most of the interest of foreign investment is directed toward the oil sector. The International Monetary Fund reports that all residents (except the government, public institutions, and public enterprises) may hold foreign exchange accounts. Non-residents may hold foreign exchange accounts only with government approval. Controls apply to all transactions involving capital market securities, money market instruments, credit operations, and outward direct investment. BANKING AND FINANCE Score: Not graded According to First Initiative, “Sudan’s financial sector is small and under-developed after over two decades of civil conflict. The majority of financial institutions that do exist… adhere to Islamic financial principles. As of 2004, there were 25 commercial banks in Sudan, 16 of which are completely or mostly privately owned, and seven state-owned commercial banks. The sector also includes four specialized state-owned banks, which provide funds to specific sectors of the economy, and two investment banks. Some state-owned banks are beginning to be privatized.” The Economist Intelligence Unit reports that Sudan’s banking sector has been one of the few that operate solely according to Islamic principles, which prohibit the charging and payment of interest, and that “the strength of Sudan’s monetary policy will be tested, as parallel banking systems—one sharia-compliant, the other not—are to be established as an outcome of the north–south peace deal. Currently an effective banking system only operates in the north, where the financial institutions are all shariacompliant.” The EIU also reports that steps being taken to improve the banking sector include increasing central bank supervision and relaxing firm government control over the allocation of credit. WAGES AND PRICES Score: Not graded Although Sudan has liberalized some prices, price controls on foodstuffs remain in effect, and many goods are subsidized. According to the Economist Intelligence Unit, “Subsidy spending has been high over the post-coup period, while support to ailing state-owned enterprises…has also added to public expenditure, although much has remained off budget.” In addition, “The government has continued to subsidise a range of basic goods and services, although the scope and depth of the subsidy programme has eased in line with the economic reform drive.” The Ministry of Labor enforces Sudan’s minimum wage. PROPERTY RIGHTS Score: Not graded There is little respect for private property in Sudan. “The judiciary is not independent and is largely subservient to the Government,” reports the U.S. Department of State. “The authorities do not ensure due process, and the military forces summarily tried and punished citizens. The Government infringed on citizens’ privacy rights.” REGULATION Score: Not graded Sudan’s regulatory burden is heavy and inefficient. Businesses often find it difficult to obtain licenses to operate, and business owners may be harassed by corrupt bureaucrats. One example of the effect of Sudan’s burdensome regulations is the agricultural sector, which accounts for more than 80 percent of employment. The Economist Intelligence Unit cites corruption as “endemic.” Informal MARKET Score: Not graded Transparency International’s 2004 score for Sudan is 2.2. Therefore, Sudan would have an informal market score of 4 this year if grading were not suspended.
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