Friday, June 15, 2007

Sudan's Economy Will Weather U.S. Sanctions, Central Bank Governor Says

(Bloomberg) -- Sudanese central bank Governor Sabir
Mohamed Hassan said an extension of sanctions against the East
African nation announced by President George W. Bush last month
will fail to dent economic growth, which is surging at more than
10 percent a year.

``More than 50 percent of our trade is with the Far East
because of the pressure we have been getting from the West,''
Hassan said yesterday in an interview in the capital Khartoum.
``Over time we were able to disengage from the West and we found
it easier and safer to deal with the East.''


Read more at Bloomberg Emerging Markets News

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