Khartoum, Sudan. The Ministry of Finance and Economic Planning (“The Ministry”) of the Republic of the Sudan (“Sudan”) has appointed White & Case LLP (“W&C”) and Lazard Frères SAS (“Lazard”) as its Legal Advisor and Financial Advisor respectively, to perform a public debt reconciliation exercise in the context of Sudan’s recent accession to the Decision Point of the Enhanced Highly Indebted Poor Countries (“HIPC”) initiative. In this context, the Ministry wishes to invite all creditors who have yet to contact Sudan to come forward and contact its advisors to assert their claims. Creditors may do so by sending an e-mail to the following dedicated e-mail address: This email address is being protected from spambots. You need JavaScript enabled to view it. and providing as substantial information as possible regarding the status, nature and balance of their claims. This public debt reconciliation exercise is intended to establish an accurate and comprehensive view of Sudan’s external public debt in order to calibrate the debt relief to which Sudan is eligible under the HIPC initiative. The Project is being implemented with the support of the African Legal Support Facility (“ALSF”) and the Ministry wishes to express its gratitude to the ALSF for its assistance. Any question regarding the content of this press release may be directed to This email address is being protected from spambots. You need JavaScript enabled to view it..
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The British government has promised to help Sudan to address the external debt and to support government efforts towards exemption, while the Ministry of Finance and Economic Planning confirmed its interest in rebuilding the economic relations between the Sudanese and British institutions in various fields. Mr. Majdi Hassan Yassin, State Minister of Finance briefed, in his office today, the British Ambassador to Sudan Mr. Michael Aaron the Economic Adviser to the British Embassy and the representative of the British Development Organization on the opportunities for joint cooperation between the two countries, reviewing opportunities and studies in development projects at the level of various sectors. Mutual discussion took place between the two sides on the ways to develop joint economic cooperation to benefit from the opportunities available after the decision of lifting US sanctions. The British Ambassador promised to provide the required technical assistance and aid to support Sudan's efforts to towards exemption from foreign debt, and he further promised to raise the study of needs of the various Sudanese institutions to the competent authorities in his country studies to consider how to provide aid.
The Ministry of Finance and Economic Planning stressed the importance of the UAE investments in Sudan; marking it as priority describing it a priority investment due to its clear contribution to the financial and banking field. Ustaz/ Badr Al-Din Mahmoud, Minister of Finance, during a meeting today in his office with the Ambassador of the United Arab Emirates to Sudan Hamad Mohamed Al-Junaibi revealed the expansion of opportunities in the financial and banking cooperation between Sudan and the United Arab Emirates through the existing banking institutions, including the Dubai Islamic Bank, Pioneers Bank as a new introduction of investment between the two countries, and Neelain Bank Abu Dhabi branch, which constitutes a means of money transfer and movement, praising the role and assistance of the UAE in the lifting of US sanctions on Sudan. The Minister said are looking forward to a greater role for the Abu Dhabi Fund for Development to finance major development projects after the decision to lift of the sanctions, reviewing the most promising investment in agriculture, both plant and animal sides, industry, tourism, particularly in the areas of diving, wildlife and antiquities, as well as investment in the available fields of energy in the country, stressing the importance of encouraging the UAE investors to take advantage of the potentials of Sudan. For his part, UAE Ambassador underscored the most promising resources and investment opportunities in the country and he said that Sudan has much wealth various sectors. The Ambassador handed the Minister of Finance an invitation from his UAE counterpart to attend the World Summit for Governments supposed to be held in Dubai next February from 12-14.
Powers and functions of Ministry of Finance and Economic Planning have been specified by the republican decree No: 12 for the year 2001 as follows:-
In the field of National Economy Management and programs of development
First: Drawing up strategies, economic and financial management policies and development programs.
Second: employing techniques and modern scientific approaches to rationalize the performance and perfection of financial and economic management.
Third: leading development in the country.
Fourth: flow up economic performance in the light of internal and external political and economic changes and correcting its progress according to transitional strategic objectives.
In the field of financial and economic planning:
First: Establishing coordination and integration between financial economic managements, and development planning to maintain consistence and achieve executive procedures.
Second: Flow up effective techniques, approaches and institutional frameworks with coordination and integration of plans and development programs on local, federal and sector levels to serve national objectives.
Third: adopting effective tracking systems, analysis, evaluation of state and federal programs and plans, emerging the comparative evaluation, results, and shortcomings of periodic reports to meet social and economic standards and indicators.
In the field of Financial Management:
First: Drawing up and implementingstrategies, financial, developmental and monetary policies according to a rational financial management.
Second: introducing techniques and modern tools in preparing and managing public budget systems.
Third: Drawing up standards and the necessary guidelines to ensure resource improvement.
Fourth: Establishing new policies, techniques, methods and diversity of public revenues resources, and improving collection efficiency.
Fifth: working to create financial equilibrium by revenues increasing and rationalizing public expenditure.
In the field of financial and accounting control:
First: drawing up policies, tightening institutional formation of Accounting and Financial Control Bureau, suggesting draft laws, drawing up the necessary guidelines and regulations to ensure and realize the state control over public money.
Second: Supporting and activating Accounting Apparatus to enable annual accounts preparation and closures on timely manner, activating general auditing, ensuring public assets control, and resources in organized records by employing modern methods.
Third: Developing capacities, accounting abilities and internal auditing.
In the field of external financial and economic cooperation
First: Drawing up loans’ strategies, policies and standards.
Second: agreeing upon economic and financial cooperation agreements made for ministries, states, and corporations.
Third: Drawing up strategies, principles, and systems to manage external debts and flow its implementation to reduce burdens of liabilities and debts payment.
Fourth: Raising capacity of external economic dealing on negotiation skills, management and implementation.
Fifth: Representing Sudan in international, regional Financial and Economic Institutions’ annual meetings.
Sixth: Any other task by council of ministers.
Main Bureaus affiliated to the minister:
General Administrations which affiliate to Under-secretary
General Administration for International financial Cooperation.
Units which affiliate to under-secretary:
Senior officials of the ministry:
The minister:
State ministers:
Advisors:
Under –secretary of Ministry of Finance and National Economy
Vision:
Our vision is to develop and improve internal resources and attract external ones to employ them and move the economy sustainably to achieve social, economic and strategic objectives of the country.
Mission:
Ministry of Finance and National Economy is the main body which is responsible for managing the national economy and orients it to achieve its aims and purposes according to state philosophy, strategy, social and economic programs. It innovated new models of performance in the field of public money, and national economy by creating condition conducive to work, and to have an interactive community who is able to deal with its different segments representing government, non- government bodies, citizens, and individuals inside and outside the country to devote efforts to achieve social and economic objectives in a way that, Sudan can be at the top of peoples and Countries.
Prevalent Values:
General Objective:
The General objective is to improve and develop internal resources and modernize new other resources by introducing mechanisms which enable us to increase potential resources and, employ it effectively, Not only that, but also work to attract external resources and orient them toward production to realize a high growth rate in GDP to achieve required social and economic objectives.
Strategic objectives:
Foundation and Evolution of the Ministry:
Following Sudan independence declaration within the parliament, the ministry has been defined as the ministry of Finance and Economy. The first ever minister for the ministry of finance was Mr. Hamad Tawfeg who assumed the position from 9 January 1954- 16 November 1955. Mr Hamad continued Sudanization of the ministry till 2 February 1956. This name has remained until May government of 1969. The May government changed the name of the ministry in its first anniversary to the ministry of treasury till 1972 where the name has been changed to the ministry of Finance and National Economy. This name includes ministry of commerce besides Ministry of Finance until the beginning of the year 1975.
In 1975, Republican resolution No: (8) for the year 1975 was issued and under this resolution, the Ministry of Finance Planning and National Economy has been established. And ministry of commerce separated from ministry of Finance accordingly and had become an independent ministry. The name of Ministry of Finance continued till 1977, and renamed as Ministry of Finance and National Economy. In 1981, this name has been changed to Ministry of Finance and National Economy until 1987. In 1989, the ministry has been renamed according to its first name Ministry of Finance and Economy. However, after the study which prepared by the government in collaboration with African Bank, the name has become Ministry of Finance and Economy. In 1996, the ministry name has been changed to Ministry of Finance and National Economy until this date.
The ministers who assumed responsibilityof the ministry.
Name of Ministry |
Name of minister |
Duration |
Ministry of Finance and Economy |
Hamad Tawgig Ahmed |
16/11/55-02/02/1956 |
Ibrahim Ahmed |
02/02/1956- 16/11/1958 |
|
Abdalmagid Ahmed |
19/11/58-12/01/1963 |
|
Mamoun Mohamed Beheri |
13/11/1963- 29/10/1964 |
|
Mubark Zaroug |
30/10/1964- 26/04/1965 |
|
Ibrahim Almufti |
17/05/1965-17/07/1965 |
|
Alshareef Hussein Al-Hendi |
28/07/1965-31/07/1966 |
|
HamzaMeghani |
02/08/1966-26/05/1967 |
|
Al-shareefHussein Al-Hendi |
27/05/1967-24/05/1969 |
|
Ministry of treasury |
Mansour Mahgoub |
25/05/1969-20/07/1970 |
Mohamed Abdalhaleem Omer |
21/07/1970-08/04/1972 |
|
Musa Almubarak Hassan |
09/04/1972-04/10/1972 |
|
Ministry of Finance and National Economy |
Ibrahim Elyas |
09/10/1972-09/05/1973 |
Ibrahim Munaam Mansour |
10/05/1973- 25/01/1975 |
|
Ministryof Finance, Planning and National Economy |
Mamoun Mohamed Beheri |
10/02/1976-09/02/1977 |
Al-shareefElkhatim |
20/02/1977- 10/09/1977 |
|
Ministry of Finance and National Economy |
Osman HashimAbdalsalam |
20/03/01978- 17/08/1979 |
Badureldin Sulaiman |
17/08/1979-24/11/19881 |
|
Ministry of Finance and Economic Planning |
Ibrahim Munaam Mansour |
24/11/1981-24/12/1984 |
Dr. AbdalrahmanAbdalwahab |
24/12/1984-06/04/1985 |
|
Awad Abdalmagid |
22/04/1985-02/01/1986 |
|
Sayed Ahmed Taifour |
02/01/1986-26/04/1986 |
|
Ministry of Finance and Economy |
Bashir Omer Fadulallah |
28/05/1986- 13/1/1988 |
Dr. Omer Noureldaem |
15/5/1988-30/6/1989 |
|
Dr. Sayed Ali Ahmed Zeki |
5/7/1989-10/04/1990 |
|
Abdalrahim Mahmoud Hamedi |
10/04/1990-10/10/1993 |
|
Dr. Abdallah Hassan Ahmed |
03/10/1993-10/04/1996 |
|
Ministry of Finance and National Economy |
Dr. Abdalwahab Osman |
20/04/1996-23/01/2000 |
Dr. Mohamed KheirElzebeir |
24/01/2000-23/02/2001 |
|
Abdalrahim Mahmoud Hamedi |
24/02/2001-7/05/2002 |
|
Alzibeir Ahmed Alhassan |
13/06/2002-17/02/2008 |
|
Dr. Awad Ahmed Elgaz |
18/02/2008-31/05/2010 |
|
Ali Mahmoud Abdalrasoul |
14/06/2010 – till now |