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Local news - Economy

The Minister for Finance: the American decision has placed no further economic restriction on our economy

Khartoum, 13 July (SUNA)- The Minister for Finance and National Economy, Dr. Mohamed Osman Rikabbi, has stressed that his ministry would continue with its interaction with the international and regional financial institutions such as the WB, the IMF, the ADB and other area and friendly funds.

The Minister pointed out in statement following the American decision abstaining from total revoking of the economic sanction that intercourse would continue with these financial institutions and funds with the view to help achieve stability of the country's economy through attacking of new investments for the production sectors and work to write off Sudan's foreign debts.

He further pointed out that the American new stand has not added any further burden on current economic situation in the country.

He said the presidential order has instructed authorities and individuals and institutions to deal directly with the Sudanese government with regards to trade and export and imports and transfers as well as all other financial interactions. He said this should be seen as a positive development on the side of the American administration.

He said the partial lifting of the sanctions was not used to the best possible manner in financial and momentary transactions because the name of thy country was still in the list of countries accused by Washington of sponsoring international terrorism.

The minister has said the ministry of finance along with other relevant ministries and the Central Bank of Sudan would continue with their reform programs and financial reform as well as the five year economic reform programme and the third strategic plan.