The country is under sanctions by the United Nation’s Security Council and/or the UK Government. Currently B2B Hub is not providing legal and financial services for the present country.
Sudan
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Sudan
Issuer
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
Khartoum
Sudan
Arabic, English
48,109,006
SDG
Sudanese Pound
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Document checklist:
<Economy>
"Sudan's economy has been struggling in recent years due to a number of factors, including civil unrest, economic sanctions, and a lack of foreign investment. However, the country has made some progress in recent years, with GDP growth reaching 3.5% in 2019, according to the World Bank. This growth was driven by increased agricultural production, improved access to finance, and increased public investment in infrastructure. Inflation has also been on the decline, dropping from a high of 40.7% in 2018 to a more manageable rate of 16.2% in 2019.
The country's unemployment rate remains high, however, at around 20%. This is due in part to the lack of job opportunities in the formal sector, as well as the large number of refugees and internally displaced persons in the country. The government has taken steps to address this issue, including launching a job creation program and providing vocational training to young people.
Sudan's external debt has also been a major issue, with the country owing over $50 billion to foreign creditors. The government has been working to reduce this debt burden, and has secured debt relief from the International Monetary Fund and the World Bank.
Overall, Sudan's economy is showing signs of improvement, but there is still much work to be done in order to ensure long-term stability and growth."