But Sudan has so far been unable to tap the International Monetary Fund and World Bank for support because the US still lists the country as a state sponsor of terrorism.
UN Secretary-General Antonio Guterres expressed support at the Sudan event, held on the sidelines of the General Assembly, for Hamdok’s efforts. He called for the immediate removal of “Sudan’s designation as a terrorist-supporting state and lifting all economic sanctions and mobilising massive financial support for development to make the current political gains durable.”
But the transitional government will need US support to address debt issues and attract investment. It will launch a nine-month economic rescue plan in October aimed at curbing rampant inflation while ensuring supplies of basic goods. It is also asking the World Bank for $2 billion. A senior US official said in August that Washington would test the commitment of Sudan’s new transitional government to human rights, freedom of speech and humanitarian access before it agrees to remove the country from a list of state sponsors of terrorism.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABC News Online - 🏆 32. / 51 Read more »