Sudan: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan

October 4, 2016

Preview Citation

Format: Chicago

Sudan: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Also available in: العربية

Summary

This 2016 Article IV Consultation highlights that Sudan is facing significant domestic and international constraints and large macroeconomic imbalances despite efforts made toward macroeconomic stability and growth. Although good harvests boosted growth to close to 5 percent in 2015, external imbalances widened owing to low commodity export prices, expansionary policies, and insufficient exchange rate adjustment. The terms-of-trade shock widened the current account deficit to 6 percent of GDP in 2015. The budget deficit widened to 1.9 percent of GDP owing to shortfalls in oil revenue. Inflation, which had been contained to 12.6 percent at end-2015, rose to 16.5 percent in July 2016. The outlook is subject to significant downside risks.

Subject: Asset and liability management, Debt relief, External debt, Foreign exchange, Public debt, Revenue administration

Keywords: Africa, Authority, CBOS rate, Consolidation effort, CR, Debt, Debt relief, Exchange rate, Financing, GDP, Global, ISCR, Middle East, Stabilization effort, Stabilization policy, Sudanese authorities

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/324
Stock No:

1SDNEA2016001
ISBN:

9781475543933
ISSN:

1934-7685

Notes

Also Available in Arabic

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