Sudan and conflicts zones.

Sudan and conflicts zones.

Thursday, 26 September 2013

INVESTMENT.

El Fasher, Success Story in Development Financing


El Fasher – Collection partnership pursued by North Darfur State, which found praise from the government and the neighboring states of Sudan as the best way to provide self revenue, enabled the state government to provide funding for 158 development and services projects in all the localities of the state, at amount of more than SDG 150 million, where the said projects were opened by the Assistant President of the Republic, Dr. Nafie Ali Nafie.

Minister of Finance, Economy and Civil Service in North Darfur, Dr. Abdu Dawood Suleiman said that money provided for the said projects was through the collection partnership. He stressed that these projects come in implementing of the three-year program, and commitments made by the state government in its electoral program in 2010, which includes the areas of water , health and education. The minister pointed to other projects that implemented by microfinance foundation, where more than 1,900 people in the state have benefited from them. He indicated to the importance of the living standard improvement projects that have been signed with a number of bodies. The minister stressed that the signing of agreements with some bodies is evidence of the success of the microfinance project. He said that the projects launched by the President's Assistant comes as a glimmer of hope , praising the efforts of development partners, Federal Ministry of Finance, a number of banks, Zakat Chamber and the Sudanese Initiative for Development .

North Darfur Governor, Osman Mohammed Yousef Kibir stressed that the completion of renaissance projects mark a milestone in the development. He pointed out that the federal government, Darfur Regional Authority, the state government, and donors can offer a lot of services in Darfur. He explained that the said inaugural program addresses development and basic services projects, such as, education, health and water.

Kibir pointed to the policy taken by the state to rely on own resources, pointing out that after the expansion of stability, security and peace, the government has developed a program of self-reliance and that administrative procedures package was taken, besides collection partnership project, which was the better in the Middle East, where revenues doubled dozens of times in the state. Kibir pointed to the financial cost paid by the state government in securing the city of El Fasher, beside provision of strategic stockpile of 60 thousand of sugar sacks, 60 thousand flour sacks and other consumer goods that meet the need of the state of food for several months. He stressed that the state has achieved a balance in all localities. Kibir pointed to measures taken by the state to address the effects that could arise as a result of the removal of fuel subsidies.

For his part, Dr. Nafie hailed the administrative and financial actions taken by the state on revenues increasing, calling to rely on their own resources by increasing the collection. He said that this achievement came due to solidarity of Darfur people. He stressed the need to conduct the economic reforms in the country to reduce spending, increase revenues and production and address the gap between imports and exports, reiterating the state's commitment to provide support to the vulnerable sectors. Nafie said that the new economic measures that the State intends to implement aim to reach a real stable economy, referring to the ongoing efforts and attempts carried out by the competent bodies in order to achieve economic, intellectual and cultural independence, despite Western conspiracies. He added that the most effective means taken by the Salvation Revolution was the implementation tripartite economic program. Nafie said that Sudan still pays the price of its ideological orientation, through the economic blockade imposed on it. He reviewed the major challenges facing Sudan by countries that do not want stability to the country. Nafie revealed that 99% of Sudan's budget comes from internal revenues and that the state does not rely on external support in its budgets, but by only 1%. He stressed that the state has used the oil in development and infrastructure projects. Dr. Nafie pointed to the negative effects that are expected to occur in the absence of the application of the new economic measures. He said that the global economy had been controlled by the Western countries, but it turned toward the eastern countries, which has no colonial ambitions.



By Al-Sammani Awadallah, 2 hours 7 seconds ago

No comments: