Sudan: Selected Issues

March 10, 2020

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Format: Chicago

Sudan: Selected Issues, (USA: International Monetary Fund, 2020) accessed December 25, 2024

Summary

This Selected Issues paper on Sudan provides a first stock-taking of the scale, main transmission channels and potential costs of poor governance and corruption in Sudan and offers preliminary recommendations. A large body of literature and country analyses confirm that weak governance and corruption undermine economic growth, amplify income inequality and erode public trust in the institutions. According to international agencies and existing literature, Sudan has scored very poorly on compliance with rule of law best practices in the past. Effective implementation of preventive measures is important; particularly in relation to politically exposed persons. Transparency on beneficial ownership of legal persons and arrangements to prevent their misuse for laundering the proceeds of corruption are necessary. Transparency, accountability, and comprehensive communication should be the backbone of governance and anti-corruption reforms in each sector. Rationalizing tax exemptions and phasing out tax holidays would strengthen governance while boosting fiscal revenues.

Subject: Commodities, Corruption, Crime, Economic sectors, Energy subsidies, Expenditure, Oil, Oil sector, Revenue administration

Keywords: Authority, Bank, Corruption, CR, Customs authority, Energy subsidies, Generation company, Global, Governance mission, IMF staff calculation, Improving tax performance, ISCR, Joint venture bank, Middle East and Central Asia, Oil, Oil sector, Revenue loss, Risk profile, Sub-Saharan Africa, Sudan, Supervision capacity need

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/073
Stock No:

1SDNEA2020002
ISBN:

9781513536743
ISSN:

1934-7685

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