Sudan is Relying on Foreign Investment to Finance its Agricultural Sector

  • Khartoum, Republic of the Sudan
  • 23 March 2021
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The Sudanese Prime Minister Abdalla Hamdok affirmed that "Sudan is relying heavily on attracting foreign investments at the donors’ conference in Paris, scheduled to be held in May, to finance the agricultural sector, which is one of the most important pillars of the country's economic renaissance."

Paris Conference will discuss aside the topic of attracting investments, the issue of exempting or reducing Sudan's foreign debts amounting to $60 billion, according to the "HIPC" initiative for poor countries.

Hamdok pointed out during his speech at the comprehensive national agricultural conference in Khartoum, to the formation of an agricultural finance portfolio.

The Comprehensive National Agricultural Conference was devoted to developing comprehensive and new policies and strategies for the advancement of the agricultural sector. The conference is the first of its kind in the country, and the recommendations of the conference will be part of the government's plan for agricultural sector recovery during the transitional period.

A number of regional and international organizations and accredited diplomatic missions to the country participated in the conference, in addition to a large number of Sudanese experts in economy and agriculture.

Source (Al Sharq Al Awsat Newspaper, Edited)

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