Khartoum, (Nabaa Sudan) – The Ministry of Finance outlined the government’s priorities for economic recovery, including strengthening partnerships with the private sector by focusing on productive and vital sectors and infrastructure.
Director General of the Ministry’s Policy and Planning Directorate Maki Abdel-Rahim, speaking during a presentation delivered on Tuesday on the second day of the Private Sector Recovery Dialogue sessions, affirmed the government’s commitment to supporting successful partnerships with the private sector to achieve economic and social recovery objectives. He highlighted key public-private partnership projects, including the agricultural sector in both its crop and livestock components, food production, road and bridge projects, and port development, pointing to opportunities for successful investment partnerships in these areas.
Director of the Ministry’s Risk Management Directorate, Dr. Asmaa Ajabna stressed the importance of adopting risk management as a key pillar of economic recovery. She reviewed ways to mitigate climate, natural, economic, financial, and operational risks associated with agricultural investment, as well as market and supply-chain risks. She underscored the importance of insuring agricultural investments and called for risk management to be incorporated into the agricultural recovery strategy rather than treated as a separate activity.
The conference discussed a number of papers, including one on foreign trade issues, which identified four bottlenecks hindering export growth: war, energy, logistics, and complex official procedures. It proposed increasing value-added processing, protecting domestic production, and replacing imports by focusing on wheat, flour, fertilizers, and edible oil.
Minister of Animal Resources Dr. Ahmed Al-Mansouri called for the processing of agricultural and livestock products for export, stressing the importance of using modern technologies to combat smuggling and protect domestic production.
The Director General of the Gum Arabic Company, Dr. Om Salama Abdel-Majid, presented a paper on the challenges facing the sector and proposed solutions, including greater attention to producers, opening export markets, promoting local processing, rehabilitating factories, developing a sustainable strategy for investment and financing, and supporting the logistics and supply chains of the gum Arabic trade.
Dr. Omar Allah Jabo presented a paper on external financing channels and the challenges affecting the flow of remittances, including correspondent banking relationships, guarantees, and exchange rates.
Secretary-General of the Sudanese Businessmen and Employers Federation, Abbas Ali Al-Sayid called for addressing the sector’s problems and challenges, including improving infrastructure, expanding financing opportunities, providing vocational training, working to stabilize the exchange rate, and adopting the legislative and administrative reforms required for private-sector recovery.
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