Khartoum: Minister of Finance and Economic Planning Dr. Gebreil Ibrahim affirmed that the Sudanese economy has faced an unprecedented shock since 2023, noting that the war has had a profound impact on the private sector. The shock was reflected in gross domestic product (GDP), which declined by more than 40% during 2023-2024.According to Sudan News Agency, speaking on Monday at the High-Level Dialogue on the Recovery of the Sudanese Private Sector, held at Al-Salam Hotel in Khartoum, Gebreil noted that, despite this, the Sudanese economy had demonstrated resilience and adaptability. This was reflected in the gradual improvement of security conditions in several states, as well as the beginning of an improvement in economic indicators in 2025 and the end of the contraction trend, with the economy recording a growth rate of 1.7%, which he described as a positive beginning.He affirmed that the state aims to restore GDP levels while continuing efforts to provide an environment that enables the private sector to play its role. He explained that macroeconomic stability has been among the most difficult challenges amid the crises, as the state lost more than 80% of its tax revenues, in addition to the suspension of oil revenues and exports, creating significant pressures.The Finance Minister explained that the country has begun to witness gradual improvements in a number of indicators, including a decline in the inflation rate from 176% in 2024 to around 99% in 2025. He said the state aims to reduce inflation to no more than 60% by the end of 2026, noting that monthly inflation data indicate that this target may be achievable. He said these indicators do not mean that the road ahead is easy, but they confirm that the economy has begun to respond.He added that the state is implementing a package of reform measures in which digital transformation is an important component. The government recognizes that stability is a prerequisite for the return of investment and economic activity and is working to build an instit utional and economic foundation.Gebreil pointed out that the state is responsible for providing stability, while the private sector is the actual partner, and that its recovery is not a separate objective but rather part of the overall economic recovery. He noted that the country is relying on the private sector, particularly the agricultural sector, to contribute to economic stability.He affirmed that the next phase requires a shift from an economy based on consumption and imports to one based on production and exports, adding that the state will take the necessary measures to achieve this.The minister explained that the Ministry of Finance's vision for economic stability rests on four interconnected pillars: reducing inflation; reforming public finances and economic institutions; unleashing the potential of the private sector; and financing recovery and reconstruction by mobilizing domestic and external resources.He said the trade deficit declined from around $6 billion in 2024 to $5 billion in 2025 , reaffirming that the country looks forward to the private sector becoming a key partner in economic recovery. He explained that the government alone cannot achieve economic stability and that its role in the next phase is to create a conducive environment.The Finance Minister added that Sudan faces major challenges, but there are genuine opportunities for improvement, affirming that the Sudanese economy has demonstrated its resilience and that what is required now is to transform this resilience into sustainable recovery. He expressed hope that the conference would produce positive outcomes that contribute to strengthening the partnership between the government, the private sector, and development partners, thereby advancing efforts to build a sound Sudanese economy.He described the timing of the conference as highly important, as the state is working to move from the phase of resilience to a phase of reconstruction and growth.Dr. Gebreil thanked Sudan's development partners, including UN organization s represented by the United Nations Development Programme (UNDP), for their continued support for the resumption of productive activity in the country. He also thanked brotherly and friendly countries and all national and international development partners who have expressed their readiness to contribute to building Sudan's productive base.
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