Sudan will not lift wheat, furnace oil, cooking gas subsidies this year
Sudan will not lift subsidies this year on wheat, cooking gas or furnace oil, which is used to produce electricity, finance minister Jibril Ibrahim said on Wednesday, a day after subsidies on gasoline and diesel were fully lifted.
Ibrahim said the government is committed to removing the so-called customs exchange rate, used to determine import duties on a range of goods, but is studying tariff levels to ensure that consumer prices are not affected.
For the latest headlines, follow our Google News channel online or via the app.
Sudan is implementing a raft of IMF-monitored reforms, including a currency devaluation, in hopes of alleviating a protracted economic crisis and attracting foreign financing.
Ibrahim also said he was studying wide-ranging reforms for the banking system.
Sudan produced 400,000 tonnes of wheat in the past season which was disappointing, Jibril said. This accounted for a quarter of the country's needs of 1.6 million tonnes.
Egypt and Sudan urge Ethiopia to negotiate seriously over controversial Nile damSudan and Egypt agreed on Wednesday to coordinate efforts to push Ethiopia to negotiate “seriously” on an agreement on filling and operating a giant ... Middle East
Sudan ends subsidies for petrol and diesel, raises pricesSudan fully liberalized petrol and diesel prices on Tuesday, according to a statement from the finance ministry that said previous prices would be ... Middle East
Sudan expecting delivery of 48,000 tons of US wheatSudan is due to receive a first shipment of 48,000 tons of wheat provided as aid by the United States on Tuesday, out of a total of 300,000 tons, ... Middle East
Russia says Sudan has not pulled out of agreement on Russian navySudan has not pulled out of an agreement with Russia to set up a Russian naval facility in the country, Interfax news agency reported, citing deputy ... Africa