SUDAN INSIGHT ALERT: Radio Dabanga - Economist: Plunging Sudanese Pound leading to economic collapse

25/2/2020: Radio Dabanga - Economist: Plunging Sudanese Pound leading to economic collapse

 Hafiz Ismail, a leading Sudanese economic analyst, has called for a programme to stabilise commodity prices, and a unified currency exchange rate to curb the accelerating deterioration of the Sudanese Pound.

 Attributing the economic crisis to the transitional government’s “lack of vision and plan to manage the crisis,” Ismail warns that economic failure would increase the growing trend of public rejection of the government.

 Thus, Ismail’s proposed programme would include changes at managements and the Ministry of Finance at all levels, as well as comprehensive tax reform to prevent tax evasion. In addition, Hafiz called on the government to focus investment on agriculture investment, and dominating the gold sector in the public interest.

 Ismail also expressed concern that social security is being obstructed by a “corruption machine.”