Report: Country Report Sudan September 2009 (EIU00559) from ReportBuyer.com

Sudan faces significant political challenges, including elections in April 2010, tensions in Darfur and the diplomatic difficulties caused by the International Criminal Court's arrest warrant for the president, Omar al-Bashir.
The north-south peace deal will be put under growing strain by elections in April 2010, the fiscal crisis in the south caused by lower oil revenue and disputes in the run-up to the referendum on southern secession, due in 2011.
Progress with economic reform will be limited, as the government is preoccupied with the political situation and unwilling to risk losing support from key constituencies. The fiscal deficit will average 2.4% of GDP in 2009-10.
The world economy is undergoing a deep recession in 2009, and global GDP will shrink by 1.4%, recovering only slowly in 2010. Brent Blend will average US$68/barrel in 2009-10 and Sudanese crude will trade well below this.
Global economic pressures and domestic turmoil will constrain Sudan's real GDP growth to an average of 4.2% in 2009-10. The current-account deficit will widen to an average of US$2.6bn (4.8% of GDP).
Inflation is projected to ease to an average of 8.3% in 2009-10, partly owing to lower food and commodity prices. The Sudanese pound is forecast to depreciate to an average of SP2.37:US$1 in 2009 and SP2.52:US$1 in 2010.

There has been agreement on some aspects of the urgently needed bill on the referendum for southern self-determination. The main disagreements concern the voting threshold and whether southerners living in the north can vote.
A new grouping of six Darfuri rebel splinter factions from the Sudan Liberation Movement/Army was announced at a meeting in Libya. The next round of peace talks in Qatar have been delayed until October.
The SPLM and the Umma Party have formed an electoral alliance, and other northern parties are being invited to join through a conference in Juba.
A report on oil sharing by Global Witness has called for an independent audit after finding discrepancies in oil production figures, with the Sudanese government declaring lower volumes than the operator, CNPC.
The National Petroleum Commission has granted Ascom of Moldova permission to participate in the exploration of oil Block 5B, and has separately approved the formation of exploration Block Ea, west of existing blocks.
Nile Commercial Bank, laden with bad loans, has been bailed out with US$42m; the Bank of Southern Sudan is taking over its management. The head of Al Nilain Bank has been replaced amid corruption claims.

Source: Country Report

This report covers the following industry codes:
SIC Code: 37;60
NAICS Code: 336;52

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