Sudan: Sudan Bank-Lending Ban Stirs Risk as Oil Revenue Dwindles

Jun 30, 2014 | Maher Chmaytelli, Bloomberg
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Sudan risks storing up trouble for itself by slapping lending curbs on banks amid soaring inflation and a slump in oil-pipeline revenue.

The central bank, led by Abdelrahman Hassan, this month announced a ban on loans toward homes or imported cars as part of measures to shore up the Sudanese pound and tame price increases. The move may do little more than encourage banks to lend to less creditworthy borrowers to compensate for the loss of income, according to Colorado-based consultants IHS Inc. (IHS)