Sudan’s economy contracted by 40% in the past year due to widespread armed conflicts, with a further predicted decline of approximately 28% in 2024, according to Finance Minister Gibril Ibrahim.
Speaking in Port Sudan, Ibrahim highlighted the unprecedented challenges, noting significant damage to infrastructure, public facilities, homes, and property nationwide.
State revenue has plunged by over 80%, leading the government to explore the establishment of an alternative capital due to severe damage in Khartoum.
A civil war erupted on April 15 last year between the Sudanese army and the Rapid Support Forces in Khartoum, wreaking havoc on Sudan’s economy, infrastructure, and health system.
The conflict has displaced around 8.1 million people, with 6.3 million internally displaced and 1.8 million seeking refuge in neighboring countries, as reported by the UN Office for the Coordination of Humanitarian Affairs.
The conflict’s toll stands at about 13,900 lives lost, according to UN figures
