Dear Supporter,

For decades, Sudan—while under the rule of former dictator Omar al-Bashir—suffered from economic mismanagement and corruption. Since the overthrow of the former regime in 2019, the transitional government has yet to transparently address the country’s inherited issues in the banking and financial sectors. In order to rebuild the country’s economy, mitigate risks, and encourage foreign investment, banking reform must be prioritized. The Sentry’s latest briefing, published today, offers recommendations for how Sudan can begin to engage in transparent, democratic, and innovative economic rebuilding.

“Sudan Banking Sector Reforms and Asset Recovery,” by The Sentry’s Senior Advisor Oliver Windridge, outlines key reforms that must be adopted. Although Sudan’s transitional government has taken important first steps to improve the country’s basic anti-money laundering and countering the financing of terrorism (AML/CFT) regime, progress has been slow. Entrenched corruption and opacity remain, reducing confidence in Sudan’s economy and hindering foreign investment. The briefing offers concrete steps that can be taken, including asset recovery, increased transparency, and stronger enforcement of existing laws and policies. Sudan, the United States, the United Kingdom, and other international stakeholders all have a role to play in supporting Sudan’s recovery and promoting economic opportunities for its citizens.

Sincerely,

Justyna Gudzwoska
Director of Illicit Finance Policy

P.S. For an additional update on Sudan, The Sentry’s Senior Advisor Suliman Baldo recently sat down with the Center for International Private Enterprise for a conversation on changes in Sudan since the revolution, the country’s new anticorruption agency, and further opportunities for reform. Listen to the podcast here.