IMF Staff Country Reports

Sudan: Recent Economic Developments

Publication Date:

February 28, 1995

Summary:

This paper reviews economic developments in Sudan during 1990–94. In 1993 and 1994, the authorities decided to redress the economic imbalances by adopting a more comprehensive approach aimed at substantially lowering the rate of inflation through tighter fiscal and monetary restraint along with a more flexible exchange rate policy. Government expenditure was contained more tightly, particularly through cuts in investment outlays: the primary deficit and government recourse to domestic bank financing fell significantly in 1993/94. However, the fiscal and monetary policies put in place failed to lower inflation below 100 percent in 1992/93 and 1993/94.

Series:

Country Report No. 1995/012

Subject:

Agricultural commodities Banking Commercial banks Commodities Exchange rates Exports Financial institutions Foreign exchange International trade

Notes:

This report on recent economic developments in Sudan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.