BREAKING NEWS

BREAKING NEWS

Sudan's newly-appointed finance minister rejects post - SUNA

Now Reading:

Sudan's newly-appointed finance minister rejects post - SUNA

Text size Aa Aa

KHARTOUM (Reuters) - Former Executive Secretary of the United Nations Economic Commission for Africa Abdullah Hamduk has formally declined his appointment as Sudan's finance minister, state news agency SUNA reported on Saturday.

Sudanese President Omar al-Bashir named a new prime minister this week and said the number of ministers in a leaner government would be slashed by a third to cut government spending as the economy grapples with soaring inflation and an acute hard currency shortage.

Khartoum has been trying to slash expenditures as it grapples with inflation that hit about 64 percent year-on-year in July and a hard currency shortage that has given way to intermittent shortages in staples like fuel and bread.

Bashir's ruling party said last month that it plans to nominate the longtime ruler for re-election in 2020, a move that requires amending the constitution.

(Reporting by Khalid Abdelaziz, Writing by Nadine Awadalla)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.