Conference for Sudan cancelled due to protest
KHARTOUM - Reuters
A woman works to tile her home in Sudan, which was hoping to draw investment at the Sudan Investment conference, which was called off after the US pulled out. Hürriyet photoAn international conference to drum up investment in Sudan has been called off after the United States and other powers signalled they would not attend in protest over Sudan’s crackdown on rebels, diplomats and officials said on March 11.
Sudan needs a financial lifeline after its economy was thrown into turmoil when South Sudan declared independence in July under a 2005 peace deal, taking with it three-quarters of the oil production -- the driving force of both economies.
Diplomats said Western powers such as the United States had initially supported the joint Norwegian and Turkish initiative for a high-level Sudan conference to help soften the blow of the loss of oil by generating investment and economic assistance.
It was scheduled to be held in Istanbul on March 23/24. A Norwegian diplomat confirmed the meeting had been postponed with no new date set.