A World Bank Official Proposes to Organize a Conference to Attract Investment in Sudan
Transitional Government in Sudan hopes to benefit from technical support that could lead to further investment opportunities. Subsequent to the removal of Sudan from the U.S. State Sponsors of Terrorism list.
Khartoum, Al Taghyeer
The Sudanese Minister of Justice, Nasredeen Abdulbari, discussed with the World Bank (WBG) Country Director for Sudan, South Sudan, Ethiopia and Eritrea, cooperation opportunities between the two sides.
On Monday, Abdulbari, met at his office in Khartoum, the WBG Country Director Ousmane Dione.
During the meeting, the Director expressed the WBG desire to continue supporting and improving investment in Sudan. He also thanked the Ministry of Justice for engaging WBG in developing technical notes on codes on this field. Such as Investment and Public-Private Partnership Acts, in order to ensure that these laws concur with international standards.
Dione underlined, according to Sudan News Agency (SUNA), the importance of organizing a conference that seeks to develop a strategy to attract investors to Sudan. Especially, after Sudan’s return to the international system and increasing opportunities for international cooperation in the field of investment.
The Minister of Justice confirmed that they have finalized the draft law on partnership between the public and private sectors and the Investment Bill.
He emphasized that the Ministry of Finance has coordinated a number of consultative workshops with competent authorities. In order to approve their observations and opinions before submitting the Bills to the Council of Ministers and the Joint Council for approval.
One of the Ministry of Justice priorities in the coming days is to improve and develop Commercial Registrar work. And the Ministry could benefit from the WBG technical and financial support to accomplish, especially as this will contribute effectively to improving the investment environment in Sudan.
Sudanese government officials believe that they have inherited a Civil Service that requires a lot of work in order to be able to fulfill its role.
Sudan has suffered, over the years, in attracting huge investments, the absence of encouraging Investment Acts, and the slowness of conducting the required government operations.