Sudan is set for a stable but slowing growth pro le after the turmoil caused by the secession of South Sudan in 2011. The partial lifting of most US sanctions should help o set the negative politi- cal, economic and nancial risks.

Economic risk (MEDIUM): The outlook for growth is for modest expansion but people are labouring under huge increases in prices of basic goods.

Political risk (HIGH): The imposition of a state of emergency points to a growing crisis. The partial lifting of US sanctions is a plus for the domestic leadership although the country is still designated a “state sponsor of terrorism”.

Financial risk (HIGH): Banking sector soundness indicators remain positive and the authorities are nalising a comprehensive reform that aims at restructuring weaker banks.

Commercial risk (HIGH): Sudan has reaped the bene ts of reforms aimed at improving the business environment after the World Bank raised its ranking in terms of places to do business.