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Sudan’s annual inflation rate  fell to 220.71% in April

 

Khartoum, May 18 (Darfur24) Sudan’s annual inflation rate decreased to
220.71 % in April from 263.16% in March, the country’s statistics
agency said on Tuesday.

Sudan, which has one of the highest rates of inflation in the world,
sharply devalued its currency in February in an attempt to overcome a
crippling economic crisis and access debt relief.

Sudan is living under the weight of severe political turmoil, amid
efforts led by a tripartite international mechanism that includes the
African Union, the United Nations and the IGAD to resolve the current
crisis in the country..

The decisions of the army commander, Lieutenant General Abdel Fattah
Al-Burhan, on October 25, 2021, which decided to dissolve the
transitional government, impose a state of emergency and freeze some
provisions of the constitutional document, led to political turmoil
that exacerbated the economic and living conditions.

The World Bank has given Sudan until June 2022 to reach a solution to
the political crisis and return to the path of the international civil
transition, otherwise it will cancel a plan to writes off its foreign
debt, which exceeds 50 billion dollars.

In early May, some Western countries said in a joint statement that
the resumption of international funding to Sudan is subject to a
political settlement and the formation of a credible transitional
government for the Sudanese people.

Sudan is living in a very difficult situation due to a deteriorating
economy, and the decline in the exchange rate of the national currency
has led to a grinding price hike in all consumer goods and services.

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