ABSTRACT

The analysis of long-term scenarios should not divert our attention from the harsh reality of the moment. In 1984, for a number of reasons the rehabilitation programme came off-track. The new financial crisis is so severe that it cannot be solved with the traditional economic packages and debt reschedulings. The country has no creditworthiness except for the most concessional forms of aid and, in fact, cannot even afford the new terms of the IMF facilities. The time is pressing to find new solutions and establish an orderly process to address this crisis. In the absence of both strong economic measures and very generous aid, the true alternative scenario is one whereby Sudan's balance of payments and debt problems would result in a sharp and chaotic downward movement of the economy at great cost to the Sudanese people.