UNDP Urges Action to Salvage Sudan’s Economy and Support the ‎Private Sector

Khartoum (Nabaa Sudan) – The Under-Secretary-General and ‎Associate Administrator of the United Nations Development ‎Programme (UNDP) Haoliang Xu said, in a virtual address to the session of the “Dialogue on the Recovery of Sudan’s Private ‎Sector,” that the humanitarian crisis in the country is worsening at a ‎rapid pace, with severe repercussions at a time when available ‎resources and international funding are declining to their lowest ‎levels. ‎

The UN official explained that humanitarian assistance remains an ‎urgent necessity to save lives, but on its own it cannot restore ‎economic recovery.‎

He stressed that markets and the private sector have the greatest ‎capacity to reach communities and meet their needs, noting that ‎restoring irrigation networks and commercial centers directly ‎contributes to supporting large segments of farmers, traders, and ‎workers.‎

He pointed out that in the areas most affected by the conflict in Darfur ‎and Kordofan, where relief is intermittent, mobile money networks ‎and local traders have become the main lifeline for transporting food ‎and essential goods, requiring direct support for economic actors in ‎those areas.‎

Despite the scale of the destruction, the development official ‎commended the resilience of farmers and traders who managed to ‎market about 90 percent of crops. However, he warned that the major ‎impediment is the lack of capital, as around 70 percent of farmers and ‎small enterprises are unable to obtain financing due to the near-total ‎collapse of the banking system.‎

As part of the proposed solutions, he announced that UNDP is working ‎in coordination with financial institutions to launch credit guarantee ‎mechanisms to encourage banks to resume lending and to build rural ‎production capacity to connect Sudanese harvests with regional and ‎international markets.‎

He concluded his remarks by calling on the participating parties to ‎make practical commitments centered on two areas:‎
• Adopting a private sector recovery roadmap with clear timelines ‎and binding implementation.‎
• Joining the “Private Sector Recovery Alliance” as a permanent ‎and ongoing platform for addressing obstacles and coordinating ‎efforts.‎
He affirmed that the sustainability and resilience of the Sudanese ‎economy depend on turning this dialogue into tangible financing ‎commitments that are implemented on the ground.‎

Sudan#Nabaa_Sudan#Nabaa#‎

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