Bad news of the economy of Sudan.

News

Sudan News  World Bank reveals the position of the debts of foreign countries .. See the arrangement of Sudan

World Bank Reveals The Position Of The Debts Of Foreign Countries .. See The Arrangement Of Sudan The unveiling of facts and exciting information 05-08-2018 03:43 PM Economists and financial analysts have expressed concern about the worsening public indebtedness of a number of Arab countries and their rise in rates that exceeded the red lines of their GDP.  The World Bank confirmed that Sudan is still suffering from external debt pressures amounting to 54 billion dollars, 85% of which are arrears. The list of Sudanese creditors includes multilateral institutions (15%), Paris Club (37%), (14%) to the private sector.  In a joint report with the Sudanese Ministry of Finance on the poverty reduction strategy, the bank revealed that foreign debt ratios amounted to 166% of GDP.  "The signs of concern about any country's indebtedness begin when it reaches the red lines at 90 percent of GDP," said Ahmed Al-Ghali, an analyst at the International Academy of Public Relations. "When public debt exceeds 90 percent of GDP, it means that indebtedness has gone beyond red lines," he said.  Many Arab countries suffer from rising public debt after years of political turmoil that have adversely affected their economic performance, as well as their decades-old dilemmas related to their needs to attract more investment and enhance their productive capacities, and to update social policies to become cheaper and more A statement to citizens.  The International Monetary Fund (IMF) has warned Arab states of inaction over a looming debt crisis and called for continued economic reforms despite rising oil prices.  Although oil prices have improved and exceeded $ 75 a barrel from around $ 30 in 2016, as producers agree to cut output and supply shortages due to geopolitical tensions, the IMF said that "this improvement should not stand in the way of reforming government spending."  Lebanese Central Bank chief Riad Salameh announced on Monday a plan to issue two billion dollars worth of European bonds to repay his debt, one of the world's largest.  He said in an interview with Bloomberg television that public debt had reached about 150 percent of GDP, but stressed that Lebanon has the second largest gold reserves in the Middle East and that there is now a plan to buy more gold or sell part of the reserves.  Lebanon ranks among the most indebted countries in the world, with debt expected to reach 152% of GDP this year, according to the International Monetary Fund.  Finance Minister Amr Al-Jarhi said that the size of the public debt has increased five times in the last five years and will continue to rise during the coming period.  He stressed that the government is working on a medium-term plan to reduce public debt levels from 108% of GDP during the previous fiscal year 2016-2017 to 80% by 2020.  Egypt's public debt rates jumped above 100% of GDP with the liberalization of the price 16 months ago, due to the doubling of the value of foreign debt after its revaluation, and its rapid growth over the past period as a result of the government's expansion in reliance on external loans to close the domestic financing gap and adjust the balance of payments.  In November 2016, the Central Bank of Egypt decided to float the pound within the reform program, pushing the dollar from 8.8 pounds to around 17.5 pounds. In addition to floating the pound, the reform program included a reduction in fuel subsidies and VAT.  The floating of the currency caused an unprecedented price surge that peaked in July 2017, with an annual index of 34.2 percent, but down to 13 percent by the end of March.  Jordan  , Jordan, the volume of public debt until the end of January, according to the latest bulletin of the Ministry of Finance, Jordan, about 95.6 percent of GDP.  According to the latest figures issued by the Ministry of Finance, the total value of public debt at the end of the first month of this year, 27.44 billion dinars (38.69 billion dollars), equivalent to 90.6 percent of the country's GDP.  Observers believe that there is a strong relationship between the jumps in Jordanian public debt, and the situation in the region, especially after the Arab Spring.  In addition to the impact of the repercussions of the global financial crisis in 2008, the public debt, according to official statistics, from 2008 to 2011, increased by 7 billion dinars to 19 billion dinars.  Bahrain  Bahrain will soon become part of another short list: the triple debt club "100% or more of public debt to GDP," a Bloomberg report said.  According to estimates by Standard & Poor's, the Bahraini government's debt to GDP ratio jumped to 81% in 2017 from 34% in 2012, and the credit rating agency predicts that it will reach 98% by 2020  . The Gulf state failed to market part of the bonds offered by Manama on international financial markets on Wednesday because of investors 'reluctance to buy with increased risk. Manama also canceled plans to issue conventional bonds due to investors' demand for high interest rates.  The cost of insuring Bahraini debt against default risk rose to 2.58% after falling to 2.01% in May 2017, indicating risk of default over the next five years.