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Significance
This follows a major devaluation of the Sudanese pound in early October, which the government hopes can stabilise runaway inflation and lure foreign currency back into circulation through official channels.
Impacts
The resumption of debt repayments from South Sudan will provide only temporary relief from external distress.
Limits on cash withdrawals from banks may be the most important constraint to attracting dollar deposits post-devaluation.
With infrastructure spending at just 0.8% of GDP, it could take decades to rebuild investment competitiveness.
Keywords:
Sudan,
AF,
economy,
international relations,
politics,
social,
black market,
debt,
exchange rate,
fiscal,
monetary,
prices,
reform,
constitution,
protest,
sanctions,
election,
Banks
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2018
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