Sudan is off the terror list, now what?
Sudan savours fruits of being off terror listPublished on January 13, 2021, The East African
Sudan added two new agreement to its package of deals with the US, following Washington’s decision to remove the country from the list of states sponsoring terrorism, and restore its sovereign immunity after nearly three decades of deprivation.
As US Treasury Secretary Steven Mnuchin visited Khartoum last week, Sudan signed a memorandum of understanding with the American Export-Import Bank, in the first steps of economic cooperation between Khartoum and Washington.
Hiba Muhammad Ali, Sudan’s Minister of Finance, signed for Sudan in a ceremony in Khartoum on Thursday 7 January 2021, while Kimberly Reed, Chair of the Bank, signed the memorandum.
The memorandum will strengthen economic cooperation between the US and Sudan, by supporting trade and business development opportunities, “including but not limited to projects related to infrastructure, energy, agriculture and health care.”
“We signed an agreement with the EXIM Bank for $1 million, and it is a new step to strengthen the Sudanese-American relations through partnerships on various tracks Mr Hiba said.
The EXIM President and Chair Kimberly Reed said that her country and Sudan show commitment on economic reforms describing these accords will pave the way for economic reform.