Economic losses of $49 billion incurred by Sudan since the start of war

25 days ago
Economic losses of $49 billion incurred by Sudan since the start of war

According to prominent Sudanese economists, Sudan has faced a staggering $49 billion in economic losses, infrastructural damages, and looting in the three months since the conflict began.

The conflict between the Sudanese army and Rapid Support Forces (RSF) paramilitaries has severely impacted Sudan’s import and export industries, foreign investments, and domestic goods production.

Economist Haisam Fathi highlighted to Radio Dabanga the wide-ranging impact of the war on all sectors of the Sudanese economy.

“The ongoing fighting damaged and destroyed much infrastructure, especially for drinking water and power provision, and many health and educational services,” Fathi said.

“Moreover, the magnitude of the losses of military equipment of both sides also seriously affects the state budget.”

The economists said they estimated a loss of roughly $100 million per day, amounting to $9 billion – while the value of goods and property stolen from the Sudanese people may reach over $40 billion. 

Banks have also been targeted for looting across the country, and private property has been pillaged by both sides in the escalating fight.  

Bombardments have this week rained down on the country’s key twin cities of Khartoum and Omdurman, causing further damage to the country’s infrastructure. 

Towns in south Darfur, once bustling trading hubs, have been completely cleared by RSF militias, causing mass displacement that also contributes to the economic collapse. 

Some 680,000 people have already fled the country entirely, while over 2 million more internally displaced, according to the latest estimates.

Before the conflict erupted in mid-April, Sudan was already suffering from crippling economic pressures – which many believe helped to ignite the current dispute.

On 15 April, a power struggle between army chief Abdel Fattah al-Burhan and his former deputy, RSF commander Mohamed Hamdan Dagalo, burst into all-out war, claiming at least 3,000 lives and displacing more than three million people.