Sudan: Central Bank Essential to Banking Reform

[Radio Dabanga] Omdurman -This paper gives an overview of the banking sector in Sudan. It traces its development since Sudan became independent in 1956, the growth of the banking industry, its role in responding to the country's macroeconomic policies, and its role in encouraging growth and combating inflation. It assesses the damage caused in the last 30 years by the policies of the National Congress Party (NCP) that used banks to enrich its affiliates as part of their Tamkin (Empowerment) policies, which in turn led to the inabil