Post: #1
Title: Sudan's foreign debt amounts 40 $ 1 billion: National experts and
Author: SudaneseOnline News
Date: 04-01-2015, 05:51 PM
04:51 PM Apr, 01 2015
Sudanese Online
SudaneseOnline News-Khartoum Sudan
My Library at SudaneseOnline
National experts and organizations has disclosed that Sudan's foreign debt amounted 40 billion dollars, stressing the lack of equal opportunities in education in some areas because of non existence of enough classes, while there are no opportunities y some areas entirely, pointing out to the gap between civil society organizations and Government agencies which has hampered the implementation of development programmes.
The International Monetary Fund said end of the last year that Sudan's growth outlook for the rest of this year is favorable, but the country is still in debt distress and has to step up its efforts in order to secure adequate debt relief from international creditors
The IMF has projected non-oil GDP growth near 2.9% for the rest of 2014 helped by better outlook for gold extraction and agriculture output and expects inflation to decelerate sharply.
"Inflation is expected to drop to 29% by year-end from 47% in July as the one-off effects of the September 2013 fuel price increases dissipate, monetary policy is tightened, and food prices decline owing to the expected good harvest," the Fund said.
According to the IMF, Sudan's fiscal deficit is likely to narrow to about 1% of GDP but the GDP outlook for 2015 is subject to domestic and regional risks.
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