Sudan: Second Review Under the Staff-Monitored Program and Request for Extension-Staff Report; and Statement by the Executive Director for Sudan

June 30, 2021

Preview Citation

Format: Chicago

Sudan: Second Review Under the Staff-Monitored Program and Request for Extension-Staff Report; and Statement by the Executive Director for Sudan, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

The transitional government embarked on a Staff-Monitored Program (SMP) in 2020 to help address major macroeconomic imbalances caused by decades of mismanagement, lay the groundwork for inclusive growth, and establish a track record of sound policies required for eventual HIPC debt relief. The economic challenges facing the authorities remain significant and have been exacerbated by the COVID-19 pandemic, but there have been improvements in both the domestic and external environment. Sudan has cleared its arrears to the World Bank and African Development Bank thereby regaining access to multilateral grant funding. A financing package for the clearance of arrears to the IMF has been identified, and on May 17, 2021 a development partner conference was held in Paris with a side event to promote investment in Sudan.

Subject: Commercial banks, Currencies, Exchange rates, Financial institutions, Foreign exchange, International organization, Market exchange rates, Monetary base, Monetary policy, Money

Keywords: Commercial banks, Currencies, Development partner conference, Exchange rates, Financing pledge, Forward-looking policy commitment, Global, Government securities market, HIPC decision point, IMF's transparency policy, Market exchange rates, Monetary base, Policy discussion

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/143
Stock No:

1SDNEA2021004
ISBN:

9781513586823
ISSN:

1934-7685

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