Republic of South Sudan: Staff-Monitored Program and Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of South Sudan

IMF Staff Country Reports, April 2, 2021

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Republic of South Sudan: Staff-Monitored Program and Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of South Sudan

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Bibliographic details

• Published: April 2, 2021
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781513576459.002

Background and context

• South Sudan is described as a "very fragile post-conflict country."
• After five years of civil conflict, the warring parties reached a power-sharing agreement in September 2018 and formed a unity government in February 2020.
• Peace remains fragile amid difficult humanitarian and economic conditions.

Humanitarian conditions and shocks

• Severe flooding in recent months described as "the worst in 60 years."
• Flood impacts:
  • Killed livestock.
  • Destroyed food stocks.
  • Damaged crops ahead of the main harvest season.
• Already very high levels of poverty and food insecurity have been exacerbated by the floods.

Economic impact

• South Sudan’s economy has been hit hard by lower international oil prices following the COVID-19 pandemic.

IMF publication metadata and identifiers

• Pages: 74
• Volume: 2021
• DOI: https://doi.org/10.5089/9781513576459.002
• Issue: 070
• Series: Country Report No. 2021/070
• Stock No: 1SSDEA2021001
• ISBN: 9781513576459
• ISSN: 1934-7685

Subjects and keywords

• Subject: Commodities, External debt, Foreign exchange, International organization, Monetary policy, Prices, Public debt
• Keywords: emergency financing under the Rapid Credit, financing gap, Global, IMF's emergency financing, Oil, oil price shock, Oil prices, SMP policy

Source: Republic of South Sudan: Staff-Monitored Program and Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of South Sudan

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