situation report

Sudan: Finance Minister Unveils Economic Emergency Plan

1 MIN READSep 9, 2019 | 16:20 GMT

What Happened: Ibrahim al-Badawi, Sudan's new finance minister, has declared a 200-day emergency period to improve the country's economic situation, the Sudan Tribune reported Sept. 9. According to the announcement, the newly appointed government will work to secure Sudan's macroeconomic situation, address youth unemployment and stabilize commodity prices, among other measures.

Why It Matters: The plan underscores the new government's focus on economic development to address Sudan's structural deficiencies after years of mismanagement. Specific measures reportedly include a cut in defense spending to achieve fiscal stability, although that could elicit pushback from the country's powerful military.

Background: Sudanese Prime Minister Abdalla Hamdok unveiled his transitional government last week to address the country's ongoing economic crisis, which led to the ouster of longtime President Omar al Bashir earlier this year. The country continues to face significant foreign reserve shortages, limiting its ability to import goods, as well as its population's purchasing power.

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