7/7/2025
Financing Conferences are like one who stretches his hands towards water, that it may reach his mouth, but it reaches it not!
By: Professor/Ghada Abdel-Jabbar (Um Awab*)
Sudan participates in the United Nations Conference on Financing for Development, which will be held in Seville, Spain, from June 30 to July 3, 2025. The Sudanese delegation, headed by the Chairman of the Transitional Sovereignty Council, Lieutenant-General Abdel Fattah Al-Burhan, has arrived in Seville, Spain, to participate in the conference activities.
The Undersecretary of the Ministry of Foreign Affairs, Ambassador Hussein Al-Amin, stated that the conference discusses ways to finance development, especially rural development and agriculture in the least developed countries. Regional and international financing institutions such as the African Development Bank and the World Bank are participating in the conference. It is expected that the leaders of the countries participating in the conference will seek to urge donors and financing institutions to support rural development and agricultural projects to create job opportunities and increase food production in the least developed countries.
Ambassador Hussein Al-Amin told (SUNA) that the Sudanese delegation is expected to present a vision for the reconstruction of agricultural projects destroyed by the rebel militia and the restoration of the agricultural sector, to play their usual role in providing food for the Sudanese citizen and exporting the surplus to neighboring countries that rely heavily on Sudanese agricultural products. (SUNA, 06/29/2025)
Comment:
Since the so-called independence until this day, the capitalist colonial countries have been promising Sudan with funding; This bubble that evaporates in its time and does not last, is money spent with conditions, the least of which is to reformulate laws and constitutions, to be in line with the point of view of these countries and their colonial institutions, and their financial and economic policies, which make poor countries at their mercy waiting for funding, and the truth of the matter is that they are waiting for a mirage, because these usurious loans that are taken are nothing but illicit funds that destroy what they enter upon, increasing its poverty and hardship, and reality is the best witness. In 1956, Hammad Tawfiq presented the first budget for Sudan after (independence), which relied on cotton as a major resource, and achieved a surplus of 1.8 million Sudanese pounds at the time, but who would let a functional state continue to produce and rely on itself?! Sudan slipped into the debt trap, until most of the transactions focused on Sudan's debts that it defaulted on around a state-guaranteed loan issued in 1981 as part of an agreement to restructure a debt with an original value of 1.64 billion Swiss francs ($1.64 billion). After a short period, Sudan defaulted again on this loan, and it is almost the only country in the world that has arrears to the International Monetary Fund that constitute more than 80% of the total arrears due to that usurious financial institution!
There was an opportunity that was enough for the country to be freed from the debt trap if it was ruled by a principled regime that would tear up the mortgage bill, during the Bashir regime, which could have restructured the economy, when huge resources were available to his regime through oil revenues (between 2000 and 2010). During this period, revenues were estimated at about 70 billion dollars, and it was expected that government policies would pay attention to revitalizing the agricultural and animal sectors, and this did not happen. These sectors continued to deteriorate, and the state budget shifted to relying on oil as a major resource for the budget, even the projects that were implemented during that period were financed by loans, and therefore the Bashir government missed a great opportunity to bring about a comprehensive economic renaissance, but they reversed the slogans (we eat what we grow and wear what we make), and preferred to continue with usurious loans and the IMF's destructive prescriptions until Sudan's frozen debts for decades reached astronomical figures that are impossible to pay!! Analysts estimate before the war that the amount due, including about four decades of unpaid interest, is about 8 billion Swiss francs ($7.99 billion).
We must think outside the box, to break free from the bondage of usurious institutions and return to the servitude of God, Lord of the Worlds, in whose hand are the treasures of the heavens and the earth, by applying His law and justice, and by establishing the second Rightly Guided Caliphate according to the method of Prophethood.
Written for the Central Media Office of Hizb ut-Tahrir
Ghada Abdel-Jabbar (Um Awab) – Sudan Province
Source: Radar
