CAIRO (AP) — Sudan’s protest leaders announced Thursday that they oppose the government’s economic reform plan to slash fuel subsidies and float the Sudanese currency, raising the specter of unrest as the country makes a fragile transition to democracy. The rejection came a day after Prime Minister Abdalla Hamdok, a former senior U.N. economist, announced the gradual lifting of energy subsidies, which eat up 36% of the government’s budget. It is part of an economic overhaul sought by the International Monetary Fund to lower Sudan’s debt and prime the economy for growth. The subsidy cuts are already underway, and many people are paying over five times what they did last year to fill up their gas tanks. ADVERTISEMENT The devaluation of the Sudanese pound and the “complete liberalization of fuel prices will have a negative impact on people’s lives, transportation and pensions,” said a statement from economic experts within the opposition coalition, the Forces for the Declaration of Freedom and Change, or FFC. “The pursuit of these policies will force people into a dangerous and unbearable state,” the statement said. Sudan’s economy has plunged in recent months, threatening to destabilize the political transition. In April of last year, a sweeping… Read full this story
- Meghan Markle and Harry’s Archewell trademark application is rejected as plans are ‘too vague’ and it ‘wasn’t signed’
- Hong Kong police clash with protesters after thousands defied a ban to mark the 31st anniversary of the bloody Tiananmen Square crackdown
- Protesters Reject De Blasio’s NYPD Budget, Continue to Occupy City Hall
- Hong Kong govt warns removing US special status is “double-edged sword”
- Protests against Banditry rock Katsina
- One year on: Hong Kong protesters change tactics
- Western donors hope to Sudan cash scheme with $500 million: diplomats
- Sudan’s bid to ban genital mutilation sparks hope, caution
- SF’s spending and hiring spree on police comes to an end, but where will cuts come from?
- Assam land ordinance could land BJP govt in trouble
Sudan protest movement rejects gov’t plans to cut subsidies have 328 words, post on apnews.com at July 24, 2020. This is cached page on Law Breaking News. If you want remove this page, please contact us.