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. …
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