Sudan: Midyear Review of the 2005 Staff-Monitored Program

December 12, 2005

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Sudan: Midyear Review of the 2005 Staff-Monitored Program, (USA: International Monetary Fund, 2005) accessed November 15, 2024

Summary

This paper on the midyear review of the 2005 staff-monitored program for Sudan reports that after a mixed performance under the staff-monitored program, the authorities are taking corrective measures to bring the program back on track. They imposed strict controls on nonpriority government spending, tightened monetary policy, and committed to stop nonconcessional borrowing. Expenditures should be allocated to priority sectors and high-return projects, and fuel subsidies should be reduced. The oil saving account will continue to play an important role in providing self-insurance against an oil price shock.

Subject: Banking, Commodities, Expenditure, Inflation, Monetary base, Money, Oil, Oil prices, Prices

Keywords: CR, Government, Government certificate, Government deposit, Government of the south, Government sector, Inflation, ISCR, Monetary base, Oil, Oil prices, Rate of inflation, Subnational government, Sudanese authorities, Unity government

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/430
Stock No:

1SDNEA2005004
ISBN:

9781451833775
ISSN:

1934-7685

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