Development financing and the promotion of foreign investment in the Sudan

panel held at People"s Palace, Khartoum, 8-10 January, 1977.
  • 22 Pages
  • 4.26 MB
  • English

Presidency of the Republic, Democratic Republic of the Sudan , Khartoum
Investments, Foreign -- Sudan -- Congresses., Sudan -- Economic conditions -- 1973-1983 -- Congre


LC ClassificationsHC591.S8 D48
The Physical Object
Paginationvi, 22 p. ;
ID Numbers
Open LibraryOL4764713M
LC Control Number78111988

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The Sudan has a significant but largely unexploited potential to attract foreign investors. Through its national development plans and legislative reforms, the Sudan has made efforts to diversify the economy and attract FDI into new industries. However, more is needed to build a transparent and predictable business environment.

The paper explores the determinants of foreign direct investment (FDI) in Sudan over the period ( – ). The study considers the market size, inflation rate, exchange rate, indirect taxes.

TOWARDS A FINANCING STRATEGY FOR SUDAN Towards financing for collective outcomes 1. Advancing the New Way of Working will involve moving beyond business as usual. Overall, the mission found humanitarian and development partners in Sudan ready to move in this direction, working through tangible, concrete steps to deliver better results together.

Foreign investment in the Sudan is protected by binding international instruments. The Sudan is a member of World Bank's Multilateral Investment Guarantee Agency (MIGA), and the International Center for the Settlement of Investment Disputes (ICSID).World Bank Guidelines are used by foreign investment promotion agencies, including the Sudanese.

Economic Development in Sudan The Sudan's economy has witnessed major transformations during the last three decades.

Full government control over economic activities characterized the period of the s, while an inward-looking strategy dominated development policy during the early s and mids. The inflation stemmed in large part from deficit development financing (printing money), increasing development costs because of worldwide price rises, and rising costs for external capital.

During the plan's second year, FYthere was no economic growth as the deficit development financing in the mid- and late s led the Sudan into a. A D B S C O V PREFACE PREFACE The study on “Sudan–South Sudan Bilateral Trade ” was undertaken at a time when the two countries were implementing the “Cooperation Agreement” signed in September to address the post-secession issues.

Investment is practical and technical action aims at development and advancement of countries rich in resources which encourage capital owners to invest confidently. The relation between Customs and investor is a relation of partnership to puch investment processes for strategic and non strategic projects so as to achieve sustainableble.

manages a portfolio of more than journals and over 2, books and book series volumes, as financial development and foreign direct investment to measure growth through financial. The effect of foreign direct investment (FDI) on economic growth is widely believed to be contingent on the development of the financial sector.

Nevertheless, as the possibility that the effect of financial development on growth being contingent on FDI has been neglected in existing literature, the authors have investigated it in this paper.

In general, the purpose of this paper is to examine. Foreign Direct Investment in Sudan increased by USD Million in the second quarter of Foreign Direct Investment in Sudan averaged USD Million from untilreaching an all time high of USD Million in the first quarter of and a record low of USD Million in the second quarter of This page provides - Sudan Foreign Direct Investment, Net.

Details Development financing and the promotion of foreign investment in the Sudan FB2

Investment in Sudan Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. The study was carried out to establish the possible factors that determine the inflow of Foreign Direct Investment into the Sudan.

Using OLS and annual time series data for the period tothe study established that variables that determine inflow of FDI both in the long-run and short-run for the Sudan are the market size and the level of development.

Investment Promotion Act of and the Southern Sudan Investment Authority Setting the tone for an investor-friendly backdrop, is the Investment Promotion Act of (“the Act”), simple to understand the law which governs investment into the country.

businesses can unconditionally transfer their investment capital, foreign loan. - Policy moves from loans to foreign investment - A decade of far-reaching reform has aimed to open up Sudan to foreign investors. Years of central-command economics had almost driven the country into the sands by the early s, plagued by a weakening currency, raging inflation and at best minimum growth, if not actual decline.

“Oil accounted for 75% of Sudan’s foreign currency earnings which at its peak in was around $ billion.” To increase growth, the report recommends economic diversification through the broadening of its endowment base, which is the country’s foundation to pursue efficient economic opportunities, and increasing productivity.

Solidifying the states concern for investment, the investment authority has been promoted to become a ministry by means of the Presidential Decision No.

24 for The ministry of investment is accountable for formulating strategies, policies, goals and programs aimed at developing local and foreign investments in Sudan. Sudan has agreed a roadmap to "rehabilitate" the country with the World Bank, International Monetary Fund and African Development Bank, its finance minister said on Thursday.

Chapter 4 examines the main types of FDI, namely export-oriented investment, market- development investment, government-initiated investment, acquisition and greenfield investments.

Export-oriented investment is described by Reuber ( 73) as the type of investment that reflects a wide range of considerations such as the desire to develop. - The project penetrates Khartoum-Port Sudan Road.- The area is in the vicinity of Wad Medani.- Availability of communication and banking services.

Description Development financing and the promotion of foreign investment in the Sudan FB2

Proposed Cost of project: US D 14 million: Contact Address: Investment Department. Resolution of the Board of Directors of the parent company to start a branch in Sudan; Opening of the previous documents with the seal of the company in order to be documented from the ministry of foreign affairs of the investing country or the Sudanese embassy in the country of registration.

Foreign Direct Investment for Development MAXIMISING BENEFITS, MINIMISING COSTS «OECD's books, periodicals and statistical databases are now available viaour online library.

This book is available to subscribers to the following SourceOECD themes: Finance and Investment/Insurance and Pensions Development. Foreign direct investment, net inflows (% of GDP) in Sudan was as of Its highest value over the past 48 years was inwhile its lowest value was in Definition: Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an.

Sudan’s underdeveloped financial markets, weak macroeconomic environment and entrenched corruption in an economy reduce Sudan’s trade and investment risk. The government’s heavy presence in the economy via state-owned enterprises and politically aligned private businesses further weigh down on Sudan’s performance.

The country’s weak macroeconomic environment and elevated social and. Foreign direct investment for the nation that’s been in the throes of civil war was about $ million inaccording to South Sudan Investment Authority’s secretary.

The paper explores the determinants of foreign direct investment (FDI) in Sudan over the period (–). The study considers the market size, inflation rate, exchange rate, indirect taxes, trade openness, and investment incentive policy as factors influencing FDI.

Tax incentives and duties exemptions are requested through an application to the Ministry of Finance and Economic Planning and when obtained are administered by the South Sudan Investment Authority. To obtain further details on incentives eligibility and specific allowances, deductions, depreciations and duties exemptions, please refer to the.

Foreign investment can unlock opportunities to increase exports to regional and global markets, and better serve the local market, while contributing to the country's development agenda. Establishing a new generation of investment promotion strategies and institutions.

Expanding the use of risk-sharing tools for investment in sustainable development. Creating fertile soil for innovative financing approaches and corporate initiatives. Ghana Investment Promotion Centre (GIPC) says it is determined to play a crucial role in supporting the government's efforts in developing both domestic and foreign investments.

China has been a major supplier of development finance and investment to Sudan since the mid- to lates, when the authorities in Khartoum sought strategic partnerships with Asian governments to circumvent Western sanctions. Chinese support has helped ensure that the Sudanese government can extract and export oil.

The new legal regime emphasizes the strengthening of national entrepreneurship, highlighting that foreign technical assistance or management contracts must contain detailed training programs, knowledge transfer, technology, development and improvement of professional skills for the national labor force; and also promotes the use of national raw.At the same time, there was a shortfall in foreign investment capital.

The substantial foreign reserves held at the beginning of the plan period were depleted, and the government resorted to deficit financing and foreign borrowing. The situation had so deteriorated by that implementation of the Ten-Year Plan was abandoned.