Economy

Reuters exclusively reports Sudan needs up to $5 billion in budget support to prevent collapse

Reuters exclusively reports Sudan needs up to $5 billion in budget support to prevent collapse

Sudan needs up to $5 billion (£3.9 billion) in budget support to avert economic collapse and launch reforms after the ouster of veteran ruler Omar al-Bashir, its finance minister revealed to Reuters. The country, in crisis since losing most of its oil wealth with South Sudan’s secession in 2011, has only enough foreign currency reserves to fund imports for a few weeks, said Ibrahim Elbadawi, part of a transitional government formed in August.