The United States formally removed Sudan’s State Sponsor of Terrorism (SST) designation, 27 years after putting the country on its blacklist.
President Donald Trump announced in October that he was delisting Sudan, a step desperately sought by the nation’s new civilian-backed government as the designation severely impeded foreign investment.
However, Sudanese in general are fearing the challenges which make their country benefit from this long awaited decision in the wake of the economic crisis facing the country.
Sudan is currently facing dire economic conditions due to the lack of foreign currency to enable for importing the major commodities (flour, fuel and medicine) besides the sky rocketing of the exchange rate and the tremendously increasing inflation.
No doubt, delisting Sudan from the SST will have its positive impact politically and economically.
But because the dreams are high, the transitional government is required to utilize the impacts of the decision to the maximum.
It is true that the decision will allow for the flow of foreign investments and will open the door for writing-off the debts of Sudan, hence availing the chance for a significant leap for our economy to move forward without any obstacles.
Accordingly, the transitional government should work hard in making internal reforms in its executive body in order to enable the government institutions utilize the decision to the maximum as we said before.
The government should take concrete actions against corruption and the reformation of the banking system.
First and foremost, the government should achieve as soon as possible political accord to be followed by firm economical reformation to avoid the disappointment which occurred when the US economic sanctions were removed in 2017.
