Finance Minister Hails Public-Private Synergy as Key to Market Stability

Khartoum – Sudanhorizon

Finance Minister Dr. Jibril Ibrahim has affirmed that strengthening the partnership between the public and the private sector is a fundamental pillar for securing strategic commodities, ensuring market stability, and meeting the needs of citizens and productive sectors, thereby supporting economic stability and bolstering development efforts.

During his meeting with the head and members of the National Chambers of Commerce Federation at the Ministry headquarters, Tuesday, Jibril discussed ways to enhance cooperation and coordination between the government and the national private sector, and the role of the commercial sector in supporting the state’s efforts to ensure the continuity of supply and meet the needs of the local market for goods.

The Minister emphasized the government’s commitment to ensuring the smooth flow of petroleum imports, guaranteeing their availability and price stability, given their vital importance in meeting citizens’ needs, supporting productive and industrial sectors, and enhancing the stability of electricity supplies.

He stressed the importance of integrating the roles of the government and the national private sector to achieve general economic objectives, consider the interests of consumers and suppliers, and contribute to improving the efficiency of supply chains and enhancing market stability.

Jibril emphasized the importance of continued coordination with the private sector in implementing policies and programs aimed at enhancing the availability of strategic goods. He also highlighted the government’s commitment to creating a supportive economic environment for partnership and investment, serving the interests of citizens and bolstering economic activity in the country.

For his part, Ali Salah, President of the Federation of National Chambers of Commerce, affirmed the private sector’s commitment to fully playing its role in coordinating with government entities and implementing the state’s directives related to securing the country’s petroleum product needs and ensuring a continuous supply.

Salah pledged to continue the commercial sector’s efforts to support market stability and strengthen cooperation with relevant authorities. He expressed his expectation that global petroleum prices would decrease in the coming period, positively impacting citizens and the local market.

Both sides stressed the importance of continued coordination and developing the partnership between the government and the private sector to enhance supply stability, improve market efficiency, support economic stability, and achieve the public interest.

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