Sudan

Removal of fuel subsidies necessary to save economy says investment minister


Published

As protests continue in Sudan at the removal of subsidies on fuel the Minister of Investment, Mustafa Osman Ismail, has told the Asharq Al-Awsat newspaper that the removal of subsidies was necessary to prevent the economic collapse of the country.

In his interview, which you can read in full here, the minister said “I am firmly convicted that the investment sector will not fully recover unless the Sudanese economy stabilizes. Currently, investors are alienated thanks to fluctuating exchange rates, increased inflation, rising commodity prices, etc. In my opinion, the government must reach out to the vulnerable segments of the population in order to improve the economy as a whole. In this framework, removing fuel subsidies is understood as a solution—albeit a painful one—to our country’s economic woes”.

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