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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 a least developed country and among the poorest countries in the world, [35] ranking 170th on the Human Development Index as of 2024 and 185th by nominal GDP per capita. Its economy largely relies on agriculture due to international sanctions and isolation, as well as a history of internal instability and factional violence. The large ...
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 ...
Poverty lines for other sets of countries have also been revised upwards. The poverty line for lower middle-income countries (LMICs) has moved to US$3.65 from US$3.20, while the poverty line for upper middle-income countries (UMICs) has moved to US$6.85 from US$5.50. [6]
Several countries grant preferential access to least developed countries. For instance, the European Union has implemented the Everything but Arms scheme, while Switzerland offers free access to its market for all products to LDCs. [19] Access to the Japanese market is also free for LDCs. [20]
Critics have charged Landes with eurocentrism in his analysis, a charge which Landes himself does not deny; in fact, he embraces it explicitly, arguing that an explanation for an economic miracle that happened originally only in Europe (though he deals with the later "Asian miracle" in Wealth and Poverty) must of necessity be a Eurocentric analysis, thus siding at least at some level with ...
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]