Global Financial Crisis and Effects on the Agricultural Sector of Sudan
Issam A.W. Mohamed
Al-Neelain University - Department of Economics
July 6, 2011
Macroeconomics, Monetary and Fiscal Policies Journal, Vol. 4, Issue 104, July 26, 2011
The severe impacts of the global financial crisis had effects on all world. However, in Sudan scientists and researchers were greatly shocked because of the governmental camouflaging on their real effects on the economy. Minister of National Economy and Finance denied the effects on the Sudanese economy. The governor of the Sudan Central bank did the same with emphasis from both that everything are quite and normal and that Sudan can absorb all shocks on its economic performance. Truly, they have eaten their words in the following months and confessed the partial effects on the Sudanese economy. Moreover, after they were expelled from their jobs they were quoted in newspapers to say that the impacts of the global financial crisis have severely the Sudanese economy and that it was not different from other countries. We introduce in this paper a survey for the impacts that occurred to the Sudanese agricultural sector. The damaged that befell it is extended because the governmental policies were not encouraged to do so. Moreover, what decision-makers declared impacted any possible processes of rectifications and when they confessed the impacts the damages were already en-rooted. It is foreseen here that a complete and full restructuring is direly need to the macroeconomic and decision-making in the regime's system. Without it, food shortages and total food insecurity is seen coming.
Note: Downloadable document is in Arabic.
Number of Pages in PDF File: 14
Keywords: Sudan, global financial crisis, agricultural sector, macroeconomic policies, production, food Insecurity
JEL Classification: A00, A10, A11, A12, E2, E20, E21, E22, E23, E24, E25, E4, E40, E41Accepted Paper Series
Date posted: July 6, 2011 ; Last revised: July 27, 2011
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