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Friday, June 11, 2010 - 09:07

Sudan launched a country economic memorandum entitled "The Road Toward Sustainable and Broad-Based Growth" aimed at reducing the reliance on oil and using oil revenue to create a sustainable economy. The report takes stock of Sudan's recent economic growth, analyses the key constraints to sustained future growth, and recommends how the authorities can focus their efforts to progressively transform the economy from oil-dependency and public sector-led to a diversified one led by the private sector. Bill Battaile, World Bank senior economist for Sudan, said the country must look for broad-based economic activity across sectors and inclusion of the large part of the country's labour force in order to achieve high sustainable growth, as well as poverty reduction.

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