BANK OF SUDAN.

CBOS Confirms the State's Keenness to Improve Investment Environment

Khartoum - Deputy Governor of the Central Bank of Sudan (CBOS), Badr Al-Din Mahmoud Abbas stressed that the state is doing its best through the financial and economic policies to improve the investment environment in Sudan, believing the role of the private sector in leading economic activities and achieve food security.

 He said that there are more efforts to stabilize the exchange rate and implementing the initiative of the President of the Republic on food security. Abbas pointed to the need of addressing the obstacles that hinder investors, emphasizing the importance of providing  the necessary facilities for investments that use modern technology. He reiterated that the stability of monetary and banking policies are one of the requirements of investors, adding that the CBOS is making efforts in this regard, pointing to the stability of the exchange rate. Abbas ensured on the importance of reducing the deficit and inflation, besides commitment of the economic program and reduce imports of marginal goods to rationalize the demand for foreign exchange. He pointed out that the state will host in next December the meetings of the Economic and Social Council of the Arab League, which will discuss topics related to agriculture and Arab food security.

By Staff Writer, 14 hours 41 minutes ago