In response to the military’s seizure of power from a transitional government, the World Bank on Wednesday paused payments and stopped the processing of new operations for Sudan.
Just Seven months after isolation from the international financing system across three decades of Bashir’s rule, Sudan achieved full re-engagement with the bank and gained access to $2 billion in financing.
“I am greatly concerned by recent events in Sudan, and I fear the dramatic impact this can have on the country’s social and economic recovery and development,” World Bank President David Malpass said in a statement from Washington.
Abdalla Hamdok, prime minister in the deposed transitional government, had touted World Bank re-engagement as a major accomplishment and was depending on the funding for several large development projects.
The government had instituted harsh economic reforms that succeeded in achieving rapid arrears clearance and debt relief and renewed financing from the World Bank and IMF.
An IMF spokeswoman said the fund was monitoring developments but it was “premature” to comment.
Central Bank employees have also stopped work in a further setback for the functioning of the economy.
Since Monday’s coup led by armed forces chief General Abdel Fattah al-Burhan, thousands of people have taken to the streets, and several have been killed in clashes with security forces.
Burhan has dismissed the joint civilian-military council set up to steer the country to democratic elections following the overthrow of autocrat Omar al-Bashir in a popular uprising in April 2019.
He said he acted to stop the country slipping into civil war.
Meanwhile, state oil company workers, doctors and pilots joined civilian groups opposing the takeover.
Sudan Airways have gone on strike, as have pilots from carriers Badr and Tarco Airlines.
Sudan’s armed forces sacked Ibrahim Adlan, head of the county’s civil aviation authority, sector sources said.