23 July 2009

Big News in Sudan

Apparently there was some kind of court ruling yesterday. Whatever. Far more excitingly the IMF released its latest monitoring report on Tuesday!!

It seems that the North wasted its oil windfall last year.
"The report reveals a sharp drop in Sudan’s foreign exchange reserves across the years from $2 billion in mid-2008 to $300 million in March 2009, which covers only 2 weeks of imports for the East African nation." Sudan Tribune
Here's the full report.

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