Analysis of Productive & Service Sectors
On 11 April 2019, Sudan’s President Omar al-Bashir was overthrown by a popular revolution ending almost three decades in power. After hundreds of thousands of protesters encircled the military headquarters in the capital Khartoum, ten generals stepped in to remove their former boss, establishing a Transitional Military Council, ostensibly to pave the way for civilian rule. This was a moment that came only after more than four months of continued demonstrations, organized by the Sudanese Professionals Association. On 17 August 2019, Sudan’s military and civilian leaders signed a landmark power-sharing deal in the capital, Khartoum, signaling a new chapter in the life of the sprawling African country, which has been rocked by eight months of popular protests, a coup and a bloody military crackdown.
The new government of Sudan will have to deal with a failing economy, and, at the same time, it has to sustain democratic reforms. It will not be easy to reform Sudan’s economy after South Sudan seceded on top of three decades of government corruption and domination. When South Sudan seceded following a referendum in 2011, Sudan lost almost half of its budget resources. Consequently, Sudan’s oil revenue declined by 75%, resulting in a 60% loss of fiscal revenues and foreign exchange earnings.
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