Financial Reforms in Sudan: Streamlining Bank Intermediation
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Summary:
The paper reviews the experience of financial reforms in Sudan with a view to assessing their macroeconomic impact and to shedding light on the question why such reforms have not yet brought about visible improvements in financial intermediation. The paper concludes that regardless of the progress achieved in recent years, deficiencies in the reform design, institutional weaknesses, shallow financial markets, shortcomings of the Islamic mode of finance, and strong seasonality remain key factors that constrain financial intermediation. Additional efforts, in particular in bank restructuring, credit instrument design, monetary policy management, and prudential regulation are needed to address the systemic problems of the financial sector and to make it capable of supporting private sector growth.
Series:
Working Paper No. 2001/053
Subject:
Banking Commercial banks Credit Currencies Financial institutions Monetary base Monetary policy Monetary policy instruments Money
English
Publication Date:
May 1, 2001
ISBN/ISSN:
9781451847383/1018-5941
Stock No:
WPIEA0532001
Pages:
54
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