KHARTOUM, September 30, 2021—Today, World Bank Group President David Malpass met with Prime Minister Abdalla Hamdok of the Republic of the Sudan.
President Malpass and Prime Minister Hamdok discussed the progress achieved by Sudanese authorities in moving from fragility to peace, international isolation to strong global support, and further steps toward durable peace and prosperity for all Sudanese people.
President Malpass welcomed Sudan’s progress in macroeconomic stabilization, including arrears clearance, unification of its exchange rate, slowing inflation, fewer shortages, and removal of fuel subsidies. President Malpass stressed the importance of maintaining reform momentum, including on the electricity sector, while protecting the poor and vulnerable from the costs of economic transition.
President Malpass encouraged reforms to Sudan’s regulatory framework, business climate, and judiciary and financial sectors. These will help establish correspondent banking relations, attract foreign investment, and further invite support from the Sudanese diaspora.
President Malpass and Prime Minister Hamdok discussed the strategic partnership between the World Bank Group and Sudan, including the Sudan Family Support Program, COVID-19 vaccine acquisition and deployment, as well as the IFC’s reengagement with the private sector in Sudan. President Malpass affirmed the World Bank Group’s support for Sudan through investment projects in energy, water, and agriculture sectors, rural development, and service delivery.
President Malpass and Prime Minister Hamdok also discussed regional integration and Sudan’s priorities under the Horn of Africa initiative.