KHARTOUM - Sudan needs up to US$5 billion in budget support to avert economic collapse and launch reforms after the ouster of veteran ruler Omar al-Bashir, its finance minister told Reuters.
Outlining reform plans in detail for the first time, Dr Elbadawi said public salaries would need to be increased and a social support network established to prepare for the painful removal of fuel and food subsidies. "Now we have a revolution," he said. Asked how much budget support was needed for 2020 he said:"Some estimates say between three to four billion , maybe even five billion."
The designation, which dates from allegations in 1993 that Bashir's Islamist government supported terrorism, makes it technically ineligible for debt relief and financing from the IMF and World Bank. Congress needs to approve a removal. "We don't need to pay anything. What we need to ... deliver really is policy," he said. Sudan is one of the most indebted countries, owing US$60 billion, which needs to be settled separately.
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