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REGIONAL
AND INTERNATIONAL COOPERATION
Sudan is a
member of a number of regional and international organizations of
which the following are the most important with respect to economic,
financial, investment and trade flows:
Member of the the Arab League and its Economic and Social
Council.
Member of IMF, WB/IDA.
Member and Founder of the Arab Monetary Fund.
Member and host country of the Arab Bank for Economic
Development in Africa.
Member and host country of the Arab Corporation for
Agricultural Investment and Development.
Member of the Arab Investment Guarantee Agency.
Member of the Inter-Arab Trade Development Agreement (now
called the larger Arab Free Trade Zone).
Member and founder of the Organization of African Unity.
Member and founder of the Common Market for Eastern and
Southern Africa and its Preferential Trade Bank. Trade has been
liberalized within this market following the abolition of custom
duties between member states.
Member of the Islamic Conference Organization and its
affiliates.
Member of the Islamic Development Bank.
Member of the African, Caribbean and Pacific Group and the
European Union (ACP/EU).
Member of the African Development Bank.
Member of the International Fund for Agricultural Development.
Member of Food Agricultural Organization.
Sudan has managed to
normalize its relations with international, regional and bilateral
financial institutions. In this respect, the IMF’s declaration that
Sudan is a cooperative country has been a major incentive for Sudan to
continue its efforts to normalize relations with other financial
institutions. Most of them resumed their financial activities with the
Sudan particularly the Arab funds and the OPEC Fund. Presently Sudan
is witnessing a remarkable flow of technical missions from the world
Bank, Arab funds, China, Russia, Malaysia, Turkey, Egypt, the Gulf
states, Iran and others. Financial agreements for financing major
projects in the fields of electricity, agriculture, irrigation, health
and education were signed including credits to the private sector from
available financial windows of external financial institutions.
EFFORTS TO JOIN THE WORLD TRADE
ORGANIZATION (WTO):
Sudan has
presented its offer to join the WTO since 1994. Measures have been
taken to meet the requirements of membership terms and conditions
especially in the fields of economic, trade and investment
liberalization and revision of laws and regulatory framework.
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