As an approach to come out of Sudan’s economic crisis we must recognize that removing the country from the States Sponsoring Terrorism list or restoring its sovereignty or normalizing relations with Israel will lead to bringing Sudan out of its dilemma unless the government adapts consensus policies and programmes.
The government must start with comprehensive institutional reform according to studied plan to cope with the realities on the ground.
It is obvious that resolving Sudan’s political and economic crises could not be through the foreign financial support – despite the considerable role which could be played by the international financial institutions, donors and foreign investment in lifting Sudan from its economic slump – but through availing a conducive environment and fertile soil to deal with foreign investments in order to pick the fruits in terms of contribution in development and improving the living conditions.
The government should take specific measures to be designed by Sudanese economic experts on top of which:
- Institutional reform in the ministries and public facilities starting from the Ministry of Finance considering that the weakness of the government institutions is one of the biggest problems inherited from the ousted regime. The institutional reform requires strong will and ability to employ the Sudanese expertise to replace those of weak performance.
- A planning ministry or high planning council should be formed to design policies instead of the random policies practiced by the ousted regime during which our economy was in the hands of parasitic groups, besides creating a partnership between public and private sectors to build strategic plans aiming at human development.
- The transitional government should stick to the democratic political reforms expressed in December revolution slogans i.e. freedom, peace and justice.
- Despite the reservation of the government towards the cost of changing the national currency, but we think that changing the currency is the easiest way to recognize the size of the monetary block, hence controlling it.
- Last but not least it is crucial that the exclusive jurisdiction of public funds should be in the hands of the Ministry of Finance.