Sudan
Resource: http://www.eoearth.org/article/Sudan
Natural Resources: petroleum; small reserves of iron ore, copper, chromium ore, zinc, tungsten, mica, silver, gold, hydropower.
Industries: oil, cotton ginning, textiles, cement, edible oils, sugar, soap distilling, shoes, petroleum refining, pharmaceuticals, armaments, automobile/light truck assembly
Sudan is a nation is northern-Africa, bordering the Red Sea, between Egypt to the north and Eritrea and Ethiopia to the southeast. It is the largest country in Africa by area. The Nile River flows through Sudan. Its main tributaries, the Blue Nile (originating in Ethiopia) and the White Nile (originating in Lake Victoria and its feeding rivers) converge at Khartoum, its capitol. Dominated by the Sahara Desert in the north, Sudan is a generally flat, featureless plain with mountains in far south, northeast and west. .
Economy
Sudan's economy is booming on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment. GDP growth registered more than 10% per year in 2006 and 2007. From 1997 to date, Sudan has been working with the IMF to implement macroeconomic reforms, including a managed float of the exchange rate. Sudan began exporting crude oil in the last quarter of 1999. Agricultural production remains important, because it employs 80% of the work force and contributes a third of GDP. The Darfur conflict, the aftermath of two decades of civil war in the south, the lack of basic infrastructure in large areas, and a reliance by much of the population on subsistence agriculture ensure much of the population will remain at or below the poverty line for years despite rapid rises in average per capita income. In January 2007, the government introduced a new currency, the Sudanese Pound, at an initial exchange rate of $1.00 equals 2 Sudanese Pounds.
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