The transitional institutions and procedures included the creation of a joint military-civilian Sovereignty Council of Sudan as head of state, a new Chief Justice of Sudan as head of the judiciary branch of power, Nemat Abdullah Khair, and a new prime minister. The new Prime Minister, Abdalla Hamdok, a 61-year-old economist who worked previously for the UN Economic Commission for Africa, was sworn in on 21 August. He initiated talks with the IMF and World Bank aimed at stabilising the economy, which was in dire straits because of shortages of food, fuel and hard currency. Hamdok estimated that US$10bn over two years would suffice to halt the panic, and said that over 70% of the 2018 budget had been spent on civil war-related measures. The governments of Saudi Arabia and the United Arab Emirates had invested significant sums supporting the military council since Bashir's ouster. On 3 September, Hamdok appointed 14 civilian ministers, including the first female foreign minister and the first Coptic Christian, also a woman.