JOEL ADECHI (Benin), President of the Security Council, underlined the unqualified commitment of the Council for Sudan`s Sovereignty, Unity and Territorial Integrity and said that the signing of the Comprehensive Peace Agreement on 9 January was a historic moment for the country, and that all its peoples should seize the progress towards a solid and lasting peace. The good faith commitments of all parties to the implementation of the Agreement were of the utmost importance and the Council stressed that they must all be in favour of national ownership of the peace process. The agreement on the sharing of assets was one of the six protocols of the CPA. Revenue allocation provisions were an essential feature of the CPA, as the country is heavily dependent on oil revenues. This is especially true for the South, whose budget is 98% financed by oil revenues. Therefore, disagreement over control of oil fields and revenue distribution is the main threat to peace in Sudan, regardless of the outcome of the referendum. The CPA ordered that 2 per cent of all revenues be shared by oil-producing countries, while the rest would be distributed equitably between the Government of South Sudan on the one hand, and the national government and the states of North Sudan, on the other. This revenue-sharing agreement will end in July 2011 – and probably sooner if the South separates – making a new sharing of oil revenues a priority for all parties. The Comprehensive Peace Agreement (CPA) (CPA) was an agreement signed on 9 January 2005 by the Sudan People`s Liberation Movement (SPLM) and the Sudanese government.  The CPA was to end The Second Sudanese Civil War, develop national democratic governance and share oil revenues. It also set a timetable for a referendum on South Sudan`s independence.
He also called on countries to make generous donations for the upcoming donor conference in Norway, in order to boost growth. Sudan had suffered for so long from the scourge of war and was determined to effect real change on the ground. A prosperous Sudan, at peace with itself and its neighbours, has been good for the region, the continent and the world as a whole. He expressed confidence that the Council and the international community will spare no effort to help Sudan achieve these goals. With the signing and implementation of the Comprehensive Peace Agreement, Sudan`s First Vice-President called on the international community to support reconstruction and development efforts to enable Sudanese to benefit from the peace dividends. Ali Othman Taha called on the Council to ask all countries to lift all economic and trade restrictions or sanctions and to forge active partnerships with Sudan. He also called for the total abolition of all foreign debts owed to international institutions and states by Sudan, so that the country could channel the resources needed to provide social services, rebuild infrastructure and improve the capacity of its people and institutions. It provides for a transitional period of six years [of 9 July 2005] during which South Sudanese will have the right to regulate affairs in their region and participate equitably in the national government. The Council has already requested reconstruction and development assistance, he said, including supporting the Norwegian government`s initiative to convene a donor conference in Oslo to address the mobilization of funds for this purpose, provided the parties meet their commitments. It was in this spirit that the members of the Security Council began to draft a resolution to address in depth all aspects of the situation in Sudan. Through this resolution, the Council will identify ways to establish a full-fledged United Nations peace support operation to contribute to the implementation of the Comprehensive Peace Agreement.