Sudan: Staff Report for the 2000 Article IV Consultation and Fourth Review of the First Annual Program Under the Medium-Term Staff-Monitored Program

June 9, 2000

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Format: Chicago

Sudan: Staff Report for the 2000 Article IV Consultation and Fourth Review of the First Annual Program Under the Medium-Term Staff-Monitored Program, (USA: International Monetary Fund, 2000) accessed November 22, 2024

Summary

The macroeconomic objectives of the 1999 Staff-Monitored Program (SMP) have been broadly achieved in Sudan. The macroeconomic situation at the end of 1999 was modestly more expansionary than programmed. Budget expenditure was maintained below the program level throughout the year and a surge in oil prices in late 1999 has increased oil revenue above budgeted amounts. Broad money growth at end-December was roughly in line with the 1999 program. Both oil and non-oil revenue were strong in the first two months, and expenditure was below trend, allowing the government to build up deposits at the central bank.

Subject: Banking, Commercial banks, Commodities, Financial institutions, Foreign exchange, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Assets of the BOS, Commercial banks, CR, End-March program level, Gas and mining taxes, Government indebtedness, ISCR, Oil, Oil prices, Oil revenue, Reform agenda, Reserve, Staff appraisal, Sub-Saharan Africa

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/070
Stock No:

1SDNEA0012000
ISBN:

9781451833690
ISSN:

1934-7685

Notes

Included with the Staff Report are the text of Public Information Notice No.00/39--IMF Concludes Article IV Consultation with Sudan and a statement by J.P. de Morais, Executive Director, on May 22, 2000

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