Sudan’s PM wants $8 billion in aid to rebuild economy
August 25th 2019 (Nyamilepedia) – Sudan’s newly appointed prime minister Abdalla Hamdok has said he wants a $8 billion aid package to rebuild the country’s troubled economy.
Hamdok, a former United Nations official, was appointed last Tuesday by the leader of the Sovereignty Council, al-Burhan, to lead a transitional government which is tasked to make reforms.
The 61-year-old economist said in an interview with Reuters that he had started talks with the IMF and the World Bank to discuss restructuring Sudan’s crippling debt, and had approached friendly nations and funding bodies about the aid.
“We are in communication to achieve this,” Hamdok said in his first interview with a foreign media outlet. “The foreign reserves in the central bank are weak and very low.”
“We want to take the Sudanese economy from an economy based on consumption and imports to a productive economy, and stop exporting products such as livestock and agriculture as raw materials,” Hamdok said.