Khartoum: World Bank Group representative Mr. Yoshihiro Ishikawa emphasized the critical role of the private sector in Sudan's sustainable economic recovery. He highlighted that the private sector is not only a significant part of the economy but also the main engine for job creation, income generation, innovation, and increased productivity.
According to Sudan News Agency, Mr. Ishikawa praised the resilience of farmers, traders, and commercial enterprises in Sudan, who have continued to produce and trade under challenging circumstances, ensuring the availability of essential goods in the market. He underscored that the private sector is a vital driver of the Sudanese economy and a cornerstone of the nation's food and national security.
Speaking at the Dialogue Conference on the Recovery of Sudan's Private Sector at Al-Salam Hotel in Khartoum, Mr. Ishikawa highlighted the agricultural sector and related technologies as crucial sources of employment and income. He emphasized their role in fostering stability and social inclusion. Furthermore, he pointed out that developing the private sector offers practical solutions for creating economic opportunities for youth, empowering women, and safeguarding livelihoods.
Over the past four years, the World Bank Group has collaborated with partners to conduct economic and social studies and assessments, gathering data on damages and fundamental needs to better inform future interventions.
Mr. Ishikawa also noted that the World Bank's strategic plans focus on policy reform, trade finance provision, and the establishment of direct mechanisms to enhance agricultural value chains and improve market access for products.
He concluded by affirming the World Bank's commitment to participating in dialogue sessions aimed at improving agricultural systems and enhancing access to finance. He expressed a desire to exchange expertise and foster partnerships, emphasizing that the success of these efforts will be measured by tangible outcomes achieved in society.