The Sudanese Minister of Finance and Economic Planning, Jibril Ibrahim, said Sudan seeks to increase oil production and enhance the utilization of the Red Sea’s resources, as well as maximize gains from the country’s tourism potential, according to what was reported by the Sudan News Agency (SUNA).
Ibrahim added – at the conclusion of the first economic conference held in Port Sudan – that his ministry is working to restore the cohesion of the pillars of the state and overcome the first shock of the war.
He explained that Sudan needs to focus on how to increase revenues during the coming period, and said: “We must not allow the country to starve.”
The minister stressed that Sudan does not have a production problem and has great opportunities that can be exploited to alleviate suffering.
The conference included 6 sessions over two days, in which 13 specialized papers were discussed that reviewed the economic experiences of many countries with the aim of arriving at plans that lead to sustainable economic stability in Sudan in light of the war.
It is noteworthy that annual inflation in Sudan reached 211.5% last October, according to data from the Sudan Central Bureau of Statistics.
Inflation reached 215.52% in September and 218.18% last August.
War broke out in Sudan in April 2023 between the army and the Rapid Support Forces before a planned transition to civilian rule, causing the largest displacement crisis in the world. These events also caused waves of violence.
The United Nations says that about 25 million people, or half of Sudan’s population, need aid as famine spreads in camps for the displaced and 11 million flee their homes, with about 3 million of these fleeing taking refuge in other countries.
