منتديات سودانيزاونلاين    مكتبة الفساد    ابحث    اخبار و بيانات    مواضيع توثيقية    منبر الشعبية    ارا� حرة و مقالات   
News and Press Releases    اتصل بنا    Articles and Views    English Forum    ناس الزقازيق   

Home Search

Board Laws

Articles

Refresh

المنبر العام
Sudanese Videos

Archives

News in English

News in Arabic

Welcome Guest [Login]
Your last visit: 03-29-2024, 08:50 AM Home

News and Press ReleasesExpert: Economic catastrophe will affect stability in Sudan
Printable Version   Forward   Flat View « Previous Topic | Next Topic »
Jump to newest reply in thread »

Expert: Economic catastrophe will affect stability in Sudan

05-04-2018, 00:36 AM
Radio Dabanga
<aRadio Dabanga
Registered: 03-30-2014
Total Posts: 1745





Expert: Economic catastrophe will affect stability in Sudan

    00:36 AM May, 03 2018

    Sudanese Online
    Radio Dabanga-Amsterdam NL
    My Library
    Short URL

    May 3 - 2018andnbsp;KHARTOUM
    Central Bank of Sudan (File photo)
    Central Bank of Sudan (File photo)

    Economic expert Prof Hasan Bashir has warned that the current economic crisis will lead to a catastrophic situation and increasing social tension that will affect stability in Sudan.

    Prof Bashir, a professor of economics at Sudan’s El Nilein University, said in an interview broadcast on Radio Dabanga today, that “the economic scene in the country is chronic to a large extent and there are no signs of dealing with the crisis”.

    He predicted exacerbation of the crisis by the holy month of Ramadan and the upcoming agricultural season.

    Prof Bashir considered that the agricultural season is a pivotal point in the Sudanese economy and warned of the serious effects of its failure.

    He conditioned for the reduction of the catastrophic effects of the current crisis the success of the upcoming agricultural season by more than 75 per cent to ensure food and social security and to provide exports of sesame and livestock.

    ‘2018 budget a blow to Sudanese economy’

    The economist said that “the budget of 2018 was a blow to the Sudanese economy, pointing to raising the indicative Dollar price without taking into account the need to provide reserves of foreign currency to meet the increasing demand for liquidity, in addition to raising the indicative price and the rising of the Dollar in the parallel market.”

    He explained that the secession of South Sudan has caused a shock to the Sudanese economy with the exit of oil from the budget which was covering 95 percent of foreign exchange and 51 per cent of the budget.

    “Prof Hasan Bashir: the Sudanese economy is living in an unprecedented predicament and contraction"

    Prof Bashir said that “the Sudanese economy is living in an unprecedented predicament and contraction, pointing to the rise of prices, lack of fuel, liquidity and production inputs for the agricultural season and scarcity of medicines.”

    He explained that “this is the worst case of any economy in the world…. The government remedies for the crisis as untimely and wrong. The reduction of liquidity has caused deepening of the crisis and affected the purchasing and importing power. The economy of Sudan depends mainly on imports for consumption and production, especially in the agricultural sector.”

    Prof Bashir highlighted that “the recent measures have contributed to the exacerbation of stagnant inflation which led to rise of prices with geometrical progression, decrease of purchasing power and erosion of savings”.

    He said that the way out for the Sudanese economy is addressing the roots of the crisis by restructuring the Sudanese economy, intensifying investment in the real production sectors, restoring the internal front by reducing spending on security and defence, stimulating the economy in the peripheral production areas and interest in foreign relations at the regional and international levels so as to improve the investment aspects.

                  

Arabic Forum

Title Author Date
Expert: Economic catastrophe will affect stability in Sudan Radio Dabanga05-04-18, 00:36 AM

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

Comments of SudaneseOnline.com readers on that topic:

Expert: Economic catastrophe will affect stability in Sudan
at FaceBook
Report any abusive and or inappropriate material



Articles and Views
ارا� حرة و مقالات
News and Press Releases
اخبار و بيانات
اخر المواضيع فى المنبر العام
Latest Posts in English Forum



فيس بوك جوجل بلس تويتر انستقرام يوتيوب بنتيريست Google News
الرسائل والمقالات و الآرا� المنشورة في المنتدى بأسما� أصحابها أو بأسما� 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
ارا� 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