…By Roland Peterson for TDPel Media.
The war in Sudan, characterized by a power struggle between rival generals, has resulted in widespread devastation.
The conflict has led to the deaths of hundreds of civilians, thousands of injuries, and the displacement of over 1 million people.
The repercussions of the war are not limited to the loss of lives and homes; even the country’s central bank is being severely affected.
In recent events, a video emerged showing a branch of the Central Bank of Sudan in Khartoum engulfed in flames, and the army resorted to bombing a central bank printing press to hinder opposition forces from producing funds for their cause.
The Origins of the Central Bank of Sudan and Andrew Brimmer’s Involvement
Unbeknownst to many, the Central Bank of Sudan was established with the assistance of three U.S. economists in 1956.
Among them was Andrew Brimmer, who made history as the first African American to serve on the Board of Governors of the U.S. Federal Reserve System.
Brimmer’s dedication to improving the economic conditions of marginalized black communities was evident throughout his career.
His interest in this cause stemmed from his upbringing in the racially segregated Jim Crow South, where he witnessed the challenges faced by black individuals.
Furthermore, Brimmer played a significant role in the founding of the Central Bank of Sudan.
Andrew Brimmer’s Personal Journey and Education
Brimmer, born in 1926 in Louisiana, grew up in a modest household with five siblings.
He faced the limitations of a segregated school system that provided fewer educational opportunities for black children.
Brimmer’s thirst for knowledge led him to pursue higher education outside his hometown.
Following his service in the Army during World War II, he earned undergraduate and graduate degrees in economics from the University of Washington, where he later became a professor.
In 1957, Brimmer achieved a Ph.D. in economics from Harvard University.
Brimmer’s Involvement in Establishing the Central Bank
Upon Sudan’s independence from British colonial rule in 1956, the country sought assistance from the United States in establishing a central bank.
Brimmer, along with two colleagues from the Federal Reserve Bank, was invited to Sudan to provide expertise.
The team conducted interviews with various stakeholders and drafted a central bank charter, which outlined the bank’s rights and operational authorization.
Based on their recommendations, the government of Sudan established the central bank in 1959.
Brimmer’s Experiences in Sudan and Perception by Sudanese
Brimmer’s diary from his time in Sudan offers insights into his experiences during the mission.
He participated in Sudanese independence celebrations, attended a major soccer tournament, and captured the local scenery through photography.
Interestingly, his diary also highlights the surprise of Sudanese individuals who mistook him for a fellow Sudanese due to his physical appearance.
Brimmer’s Contributions to the Federal Reserve and Economic Advocacy
Upon returning to the United States, Brimmer embarked on a distinguished career in public service, working in the administrations of Presidents John F. Kennedy and Lyndon B. Johnson.
In 1966, he made history once again when President Johnson nominated him as the first Black member of the Federal Reserve Bank’s Board of Governors.
Brimmer focused on international monetary policy and became a leading authority on issues concerning Black economic empowerment.
He advocated for affirmative action, co-chaired the Interracial Council for Business Opportunity, and emphasized the economic consequences of racial discrimination.
Legacy and Final Years
Brimmer left the Federal Reserve in 1974 to pursue teaching at Harvard and went on to establish his consulting firm.
He actively promoted African American culture, history, and education as the head of the Association for the Study of Afro American Life and History.
His contributions extended to his role on the board of directors of Tuskegee University for over four decades.
When Brimmer passed away in 2012, he was recognized for his efforts in addressing racial discrimination’s economic impact and advocating for improved educational opportunities.
Conclusion: Andrew Brimmer’s Influence on Sudan’s Central Bank and African American History
Andrew Brimmer’s involvement in the establishment of the Central Bank of Sudan highlights the significant contributions of Black Americans to the development of Sudan and the broader transnational relationship between the two nations.
His journey from a segregated education system to becoming a prominent economist and the first Black member of the Federal Reserve Board serves as an inspiration.
Brimmer’s work exemplified his commitment to addressing economic disparities and promoting equality.