Sudan: Staff: Monitored Program for 2009-10

July 24, 2009

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Sudan: Staff: Monitored Program for 2009-10, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

This paper discusses the staff-monitored program (SMP) for 2009–10 for Sudan. Sudan’s limited access to foreign financing means that significant adjustments in imports and expenditures are inevitable. The objectives of the new 18-month SMP (July 2009–December 2010) are to maintain macroeconomic stability and safeguard and rebuild foreign exchange reserves. The discussions on the SMP have focused mainly on crisis prevention. IMF staff recommends that fiscal policy of Sudan should be significantly tightened. The level of nonconcessional borrowing also needs to be carefully monitored.

Subject: Central banks, Currencies, Expenditure, International reserves, Money, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Broad money, CR, Currencies, Debt service, Economic situation, Fiscal policy, Gas and mining taxes, Global, Government spending, International reserves, ISCR, Oil, Oil price, Oil prices, Oil revenue, Personal income, Private sector, Terms of trade

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/218
Stock No:

1SDNEA2009001
ISBN:

9781451833812
ISSN:

1934-7685

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