MF warns of devastating 18.3% GDP contraction in Sudan ...Sudan

February 18, 2024 (PORT SUDAN) – The International Monetary Fund (IMF) issued a stark warning today, predicting a catastrophic 18.3% contraction of Sudan’s economy in 2024. This grim forecast stems from the ongoing conflict, which has entered its 11th month with no end in sight. This alarming prediction follows a 12% economic decline in 2023, attributed by the World Bank to the war’s disruption of production and decimation of human capital and state infrastructure. The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) confirmed the IMF’s prediction in a recent update, highlighting that the projected decline is over twice the pace witnessed in war-torn Syria and Yemen

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