Sudan: First Review of Performance Under the 2007-08 Staff-Monitored Program

June 3, 2008

Preview Citation

Format: Chicago

Sudan: First Review of Performance Under the 2007-08 Staff-Monitored Program, (USA: International Monetary Fund, 2008) accessed November 24, 2024

Summary

Sudan’s economic prospects are good, but risks remain. The report states that strong actions were taken for Government Finance Statistics Manuals and Guides (GFSM) implementation for monitoring domestic arrears under the Staff-Monitored Program (SMP). The need to maintain macroeconomic stability and implement strong monetary and fiscal policies are found to be essential. Higher oil prices and production have raised revenues. The need to correct past slippages and to reestablish fiscal credibility are found to be essential. Implementing delayed measures on public financial management and financial sector reform is crucial for restoring fiscal credibility and financial soundness.

Subject: Arrears, Commercial banks, Currencies, External debt, Financial institutions, Monetary base, Money, Oil, gas and mining taxes, Taxes

Keywords: Arrears, Arrears accumulation, Banking system, Capital expenditure, Commercial banks, CR, Currencies, Current account, Debt service, Exchange rate, Gas and mining taxes, Government arrears, ISCR, Monetary base, Net profit, Oil, Oil revenue, Private sector

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/174
Stock No:

1SDNEA2008001
ISBN:

9781451833805
ISSN:

1934-7685

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