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During the 1990s, Sudan's relationship with the IMF became increasingly strained as a result of continuing debt arrears dating back to 1984. [1] In 1997, when the IMF threatened to expel Sudan from the fund, the government revised its economic policies and established a comprehensive economic reform and structural adjustment program with the ...
European Economic Community (EEC) cooperation with Sudan—a member of the Organisation of African, Caribbean and Pacific States (ACP)—ran under the aegis of the Lomé Convention. [1] Following the 1989 Sudanese coup d'état and ensuing violation of human rights the European Community suspended development aid in March 1990. [2]
Sudan is one of the world's potential breadbaskets and Sudan is nicknamed as the Arab world food basket as it accounts for 45% of arable land in the Arab world. [20] In 1998 there was an estimated 16.9 million ha (42 million acres) of arable land and approximately 1.9 million ha (4.7 million acres) set aside for irrigation, primarily in the ...
The consensus was lacking about the country's economic future. A poor cotton harvest followed the 1957 bumper cotton crop, which Sudan had been unable to sell at a good price in a glutted market. This downturn depleted Sudan's reserves and caused unrest over government-imposed economic restrictions.
National poverty lines reflect local perceptions of the level and composition of consumption or income needed to be non-poor. The perceived boundary between poor and non-poor typically rises with the average income of a country and thus does not provide a uniform measure for comparing poverty rates across countries.
Map of Sudan from 2011 with South Sudan independent. The history of Sudan refers to the territory that today makes up Republic of the Sudan and the state of South Sudan, which became independent in 2011. The territory of Sudan is geographically part of a larger African region, also known by the term "Sudan".
The least developed countries (LDCs) are developing countries listed by the United Nations that exhibit the lowest indicators of socioeconomic development.The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) on 18 November 1971.
The landlocked developing countries (LLDC) are developing countries that are landlocked. [1] Due to the economic and other disadvantages suffered by such countries, the majority of landlocked countries are least developed countries (LDCs), with inhabitants of these countries occupying the bottom billion tier of the world's population in terms of poverty. [2]