Sudan Says It Will Rein in State Firms, Including Those Owned by Security – The New York Times

KHARTOUM — Sudan’s finance ministry said on Sunday it would take control over all state firms, including ones owned by the security forces, as it works to straighten out the country’s faltering economy and open it up to foreign financing.

The measure is part of a 12-month reform package worked out with the International Monetary Fund (IMF) that also aims to reduce fuel subsidies, stabilise the currency and open gold trading to the private sector.

Tackling the security sector’s extensive economic power is seen as one of the toughest challenges of a 39-month transition following a coup last year that ended three decades of rule by Omar al-Bashir. The military and civilian groups are now running the country in a fragile power sharing arrangement. …

Original article here.

This entry was posted in News and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s