Oil income boosts Sudanese growth in 2000

Published April 22nd, 2001 - 02:00 GMT

Sudan’s economic growth rate rose from 6.1 percent in 1999 to 8.3 percent in 2000, as inflation was halved, falling from 16 percent to eight percent, reported Ali Osman, the country’s first vice president, during an address to the National Assembly in Khartoum. 

 

Taha said the economic growth was largely due to increased income from oil exports, as well as the government’s economic program that aims to revive the domestic market and increase production.  

 

Taha noted that Sudan has opened the door for local and foreign investors, and decentralized the economy by reducing the dominance of the public sector. Sudan aims to establish a market-oriented economy, which encourages private initiative, he said. — (Albawaba-MEBG)

© 2001 Mena Report (www.menareport.com)


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