Mereja Forum

[Abe Abraham]

The Paris conference, the "HIPC" initiative, and getting into the debt and dependency trap !!

Dr.. Mohammed Mahmoud Al-Tayeb

The power of blood partnership is still practicing all methods of deception and lies, especially on the economic level, where lying and deception have become our threat and a declared policy, and the policy of “driving with goodness” and systematic anesthesia has become a registered trademark of this government and the people have become completely absent and live in a state of loss and disorientation and the loss of the ability to discriminate as a result of fabrication and media policies Deceptive and methodical.

After the government's economic policy, which relied on implementing the monetary fund’s prescription completely and harshly and quickly, baffled even the fund’s experts, and the people bore the woes of these policies or the required surgery as described by Dr. Ibrahim Al-Badawi, the godfather of the fund’s policies and the former finance minister. Unfortunately, this severe surgery was “without anesthetic” “Despite that, this surgery was not successful, and our patient people only suffered pain and suffering.

The government is working these days on a massive propaganda campaign for the Paris conference scheduled to be held in mid-May, and is trying to market this as a ray of hope and a home for the angry masses and try to convince them that manna, relief and relief are coming from overseas and that Western funds and investments are within a stone's throw, and the people have nothing but trust and wait for relief Hamdoki near!! All of these are dreams of darkness that are not supported by reality or logic.

Another bonus that is being marketed at the same time is the so-called “HIPC” debt relief initiative, which is a program under the supervision of the International Monetary Fund that aims to reduce the burden of debt after committing to a harsh economic program Sudan’s commitment to implementing it and has already begun to implement most of its harsh conditions, including liberalization. Fuel prices and the application of the policy of unifying the exchange rate and the customs dollar. There was little left of implementing the program.
The government is also trying to convince the public that entering this program will completely cancel all of Sudan's debts and enable the country to obtain new loans, grants and subsidies that will help it implement the decree's economic program.

Paris conference

The goal of the Paris Conference declared by the government and is striving to market it these days, in pursuit of misinformation, propaganda, and anesthesia.

“Sudan’s strong and deserved return to the international community, which is expected to be supported by the Paris conference, according to the assurances of the Sudanese Prime Minister, Abdullah Hamdok, who added that the Sudanese delegation is going to France to“ attract foreign investors ”by providing them with suitable opportunities in Sudan. There is a consensus regarding dealing with debts of the World Bank and the debts of the African Development Bank before heading to Paris. ”Ended

The Minister of Finance stated:

“The Sudanese Minister of Finance and Economic Planning, Gabriel Ibrahim, expressed his optimism that the Paris Conference would attract a large number of foreign investors to invest in various important sectors in Sudan, especially in the fields of energy, agriculture, roads, infrastructure and railways, adding that the government Projects have been prepared in an excellent manner that will be presented to investors in the conference in which businessmen, investors and politicians participate. Ibrahim also indicated Khartoum's desire to obtain an exemption from the arrears of the International Fund for it, as parties will participate in the conference that will help in that.

As for Omar Qamaruddin, he went in another completely contradictory direction,
“Professor Omar Qamar al-Din, Advisor to the Prime Minister for International Partnerships, stressed that the Paris Conference is an opportunity to present Sudan with a new dress for the international community, as Sudan, after its exit from the list of states sponsoring terrorism and its exit from its regional and international isolation, became eligible Quite to attract investments from the world."The goal of Sudan from the Paris conference is not to obtain promises for large projects, but rather the main goal is to confirm Sudan's strong return to the incubator of the international and regional community and its entitlement to enter the system of countries of the world with great opportunities," said Qamar.

As for the Minister of Investment “Al-Shafakan”, we find for him a strange statement in which Sudan is offered for sale by Adil Keda,

“The Minister of Investment and International Cooperation, Dr. Al-Hadi Muhammad Ibrahim, the Paris conference scheduled to be held the day after tomorrow, Monday, is very important, during which the available opportunities for investment in Sudan will be presented, and he refused to describe it as a conference of (Shehda).

Ibrahim said in a statement to (Al-Sudani), that the government will offer projects in the fields of energy and mining, transport and infrastructure, agriculture and livestock, in addition to communications and digital transformation as projects that stimulate investment in the country.

The minister said that the Al-Jazeera project is being submitted for investment, along with other projects of no less than 2.5 million acres, and he expected that competition for investment in gum arabic will be very large from international companies.

Pointing out that (110) projects will be announced tomorrow on the ministry’s website and will be available to investors. He said that these projects will not be presented at the Paris conference.

As for the real "undeclared" goals of the blood partnership government from the Paris conference, we summarize them in the following:

First / creating legitimacy for partnership with the military and marketing the military to the international community in the name of partnership and harmony between the military and civilians.

Second / Establishing the legitimacy and marketing of the private sector, the kizani parasite, in the name of what is called the project of partnership between the private and public sector.

Third / Stealing the revolution, trading in its slogans, and exploiting the icons of the revolution to market the clients' government globally.

Fourth: Emphasizing to the international community and the international finance community that Sudan is ready and agreed to abide by the fund's stipend, especially with regard to opening the country to so-called foreign investment or the organized plunder of the country's vast resources, especially in the field of agriculture and mineral wealth.

Obstacles to foreign investment in Sudan

The investment literature indicates that the term investment climate means “a set of material, legal and institutional conditions and circumstances that govern and regulate investment in the concerned countries, including administrative, executive and legal legislation.”

This climate attractive to investment is not available in Sudan now and is confirmed by all daily evidence and at all security and political levels. Economic, social, administrative and legal.

Attracting investment is not done by displaying project areas and sites on a website and waiting for a foreign investor to seize the opportunity, as the Minister of Investment said, who believes that he has done everything in his power to attract investment to a country classified in the criteria for investment risk with a rate of "E". This means that Sudan is classified as a very dangerous country for investment. In it according to all political, security and economic criteria.The respectable investor is committed and looks for such objective reports into consideration !!!

Sudan: Risk Assessment

Country Risk Rating E


The highest-risk political and economic situation and the most difficult business environment.

Corporate default is likely.

- Source: Coface
https://globaledge.msu.edu/countries/sudan/risk

We also find a comprehensive assessment and late ranking of Sudan from The
Economist Intelligence Unit

http://country.eiu.com/article.aspx?art ... c=Overview

The Hippie Initiative !!!

Misleading propaganda and anesthetic lies about hype and a claim of a complete write-off of debts in order to leave the people in a state of waiting for a Godo that will never come !!

This report explains

https://www.imf.org/en/Countries/SDN/fr ... s-on-sudan

The following important points:

First / The objective of the HEPPEC initiative in the event that Sudan adheres to all the conditions and reaches the decision-making stage,

“The Decision Point”

The goal is to reduce the burden of out-of-control debt now in its size compared to the economic capacity as well as non-payment and the accumulation of arrears, which makes the level of debt

“Unsustainable “

By all standards, the goal is for these debts to be at a “ sustainable ” level that
can be continued to bear. I mean focusing on the interest of creditors so that Sudan cannot continue to fulfill its obligations towards these debts and declare bankruptcy and not pay

“ Default ”

Many countries have reached the bankruptcy decision, including Lebanon. Zimbabwe and Argentina, especially after the repercussions of the Corona pandemic.

Second: The conditions for reaching the decision point include the well-known conditions of the fund that have an extremist ideological orientation, which aims to transform the direction of the economy towards a market economy. In controlling economic activity and enabling the local and foreign private sector to exploit and deplete the country's resources.

Third / Even if Sudan succeeds in the debt relief program, the proportion of debt burdens will still represent 150% of the value of exports, and this means that the services of these debts will constitute a great burden on spending on economic and social development.

Fourth / After the Fund and the Bank made sure that Sudan has become able to comply with the payment of its late debts and services, which is the goal of this basic program, Sudan is baptized with the blessing of the Bank and the Fund with the so-called integration into the international development community, and this means continuing to fall into the debt trap forever and mortgaging the country's resources and will Policy for commercial banks and international financial institutions.

The debt problem will not be solved through the Hayek initiative at all. The initiative continued with unaddressed goals and debt relief for these countries. As I mentioned earlier, I remember the trend should be about intensifying diplomatic efforts and working on trying to cancel the largest possible amount of debts. He also suggested setting up a "conference on external debt management." Of course, after the fall of this government !!! All specialists, including economists, jurists and diplomats, must participate in it under the slogan "Paying debt services constitutes a burden on economic and social development."


I have to take into account these facts:

First / Most of Sudan’s debts are sovereign debts, that is, of countries. They can be dealt with through diplomatic efforts, especially a large amount of these debts owed by Arab countries, including the Gulf states, Algeria, and Iraq.

Second / “Multilateral” organizations debts
It does not represent a large percentage, and most of it is debts on the fund, the Bank, the African Development Bank, and some Arab funds, and it can be worked on paying them and trying to reduce some of them, especially the debts of Arab funds.

Third: The debts of the Paris Club Group can be dealt with by rescheduling and obtaining easy terms as possible.

Fourth, the non-members of the Paris Club can deal with it on a bilateral basis and diplomatic efforts, especially China.

Fifthly / the main problem lies in the commercial debts “banks and investment houses”, although they represent only about 12% of the volume of external debt. However, it is difficult to deal with because it is based on commercial bases and harsh conditions in commercial interest rates and the absence of grace periods. This accumulates quickly and is impossible to cancel. But it can be rescheduled by the London Club, and by the way, even the HIPEC initiative does not include commercial debts, and this reflects the difficulty of dealing with them and the need to expedite their disposal !!!

The IMF website reads:

“Does debt relief provide new resources for Sudan?

No, the objective of debt relief is to bring Sudan's current debt level and repayment schedule to a sustainable level and bring debt service payments to a level consistent with Sudan's limited ability to repay. When Sudan reaches the decision point, its debt balance will decrease, but it is more likely that debt service payments will rise as Sudan resumes repaying debt service payments that it is not currently repaying. Nevertheless, Sudan's reintegration into the international financial community and persistence in fulfilling debt-servicing obligations that become due will open the way for it to benefit from concessional financing and grants from multi-lateral and bilateral donors, with strong and continuous macroeconomic policies and improvements in the business climate providing opportunities to attract investments. Foreign ''

So the goal is to continue the process of dependency and dependence, completely shackling the Sudanese economy with a debt trap, repaying its services with more debts, rescheduling old debts with new debts, and the systematic depletion process continues !!

In addition, the application of a well-established ideological economic program towards a market economy according to the approach of neoliberal policies, the Washington consensus, and the well-known prescription of the Fund and the Bank.
The goal, as is clear, is not to forgive Sudan’s debts, as the Hamdokis claim on purpose, with the aim of misleading the street and claiming fake victories.
The goal is not to provide aid for free. All that is calculated and considered and has a high price, which is the loss of national sovereignty and the mortgage of the national economy in the slave market. Al-Alamiah through the agents of the Blood and Dance Partnership Government on the remains of the homeland, claiming alleged victories !!

To complete the fund monitoring program by the end of June 2021, Sudan must adhere to the following conditions:

- Full floating of the exchange rate - An increase in the customs dollar

- liberalization of fuel and commodity prices to follow the difference in the constantly deteriorating exchange rate

- Increasing taxes, especially value-added tax and all types of taxes and indirect fees, in which all the burden falls on the citizen

- Freezing any increase in salaries and wages

- Transferring ownership of all government and Bank of Sudan shares in banks and institutions to the private sector

- Reviewing government companies and companies of military institutions and privatizing the largest amount of them and transferring other ownership to the Ministry of Finance

-Commitment to pay Sudan’s debts to the International Monetary Fund and the African Development Bank (about 3 billion dollars)

All of these are binding on Sudan and subject to the conditions to establish and must be implemented as soon as possible in a maximum period of the end of June 2021 which reflect a review and evaluation of the program in a comprehensive manner and issue a decision to determine whether Sudan has reached the stage of decision - making

"Decision Point"

under the terms of "HIPC" initiative of the objectives of the Fund The monetary and the World Bank are clear, and Hamdok's gang is clearly past its implementation.

These goals are summarized as follows:


First / The Sudanese economy enters the spiral of dependency on the global market economy through a policy of openness, provided that the economy remains shackled with debts, grants and grants, and that the real production sector is not liberated, which is the only way and the real exit. To be freed from this dependency.

Second: Focusing on the revenue side of taxes and royalties exerted by the citizen, so that these institutions ensure the continuity of debt repayment and their services despite their depletion of all the country's resources from the revenues issued on their scarcity and its impact on development and the provision of basic social services.

Third / Empowering the local private sector despite its parasite and the global despite its ferocity, and this is an ideological position known to the Fund at the expense of the state’s vanguard role, especially in the basic government institutions in the export sector.

By achieving these goals, control is completed with the help of the blood partnership government clients and they are fully prepared to provide this service at the expense of the greatest revolution in the history of peoples.

Dr. Muhammad Mahmoud Al-Tayeb

[Fiyameta]

When the private banks refuse to loan you money due to having unpaid debt, that's you go to the IMF out of desperation, only to put your whole nation under slavery by debt. Listen to the former Prime Minister of Jamaica explaining how the IMF enslaves countries ruled by corrupt elite.