Republic of South Sudan: 2014 Article IV Consultation—Staff Report; Staff Statement; and Press Release

December 17, 2014

Preview Citation

Format: Chicago

Republic of South Sudan: 2014 Article IV Consultation—Staff Report; Staff Statement; and Press Release, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This 2014 Article IV Consultation highlights that South Sudan’s economic performance has been mixed in recent years. Real GDP growth has displayed high volatility, the result of changes in oil and agricultural production. Inflation rose in an initial period of economic instability in 2011–12 but was contained in 2013–14 thanks to fiscal and monetary restraint and lower food prices. Serious challenges remain, including distortions in the foreign exchange market and in budget execution, lower international oil prices, and subdued oil production. As a result, financing the budget for FY2014/15 is challenging and will likely require policy decisions given the otherwise potentially adverse impact on economic stability and inflation.

Subject: Commodities, Expenditure, Oil, Oil production, Production, Public debt, Public financial management (PFM)

Keywords: Central-bank financing, CR, Debt ratio, East Africa, Government, IMF quota, ISCR, Market, Oil, Oil production, Oil revenue, Price signal, Real gross domestic product, Staff appraisal, Sub-Saharan Africa

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/345
Stock No:

1SSDEA2014001
ISBN:

9781498393621
ISSN:

1934-7685

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