Sudan Resident Representative Site
Resident Representative Office in Sudan
This web page presents information about the work of the IMF in Sudan, including the activities of the IMF Resident Representative Office. Additional information can be found on the Sudan and IMF country page, including IMF reports and Executive Board documents that deal with Sudan.
News — Highlights
Sudan and the IMF
Sudan: First Review Under the Staff Monitored Program; and Statement by the Executive Director for Sudan
Sudan: Staff Monitored Program-Staff Report; Press Release; and Statement by the Executive Director for Sudan
July 15, 2014
Series: Country Report No. 14/203
Sudan -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 26, 2014
June 26, 2014
PDF File Size: 326Kb
Press Release: Statement at the Conclusion of an IMF Mission to Sudan to Conduct the First Review under the Staff-Monitored Program
Regional Economic Outlook Update: Middle East & Central Asia
Growth has been tepid across the Middle East and North Africa, Afghanistan, and Pakistan (MENAP) region. In 2013, declines in oil production held back growth in the oil-exporting countries. Weak private investment, amid political transitions and conflict, continued to take a toll on economic activity in the oil-importing countries. Growth is expected to strengthen this year in line with an improved global outlook. However, weak confidence and, in some cases, large public deficits will continue to weigh on the region's economic prospects. Deeper economic transformations are necessary to ensure robust and inclusive growth and creation of enough jobs for the rapidly-growing labor force.
Economic growth in the Caucasus and Central Asia (CCA) is expected to decline from 6.5 percent in 2013 to 6 percent in 2014, mainly because of weakening growth momentum in emerging market trading partners (particularly, China, Russia, and Turkey) and a temporary decline in oil output growth in Kazakhstan. Risks remain tilted to the downside. In particular, a slowdown in emerging market trading partners may weaken exports, foreign direct investment, and remittances. Policy priorities center on rebuilding buffers and increasing exchange rate flexibility to help adjust to unanticipated shocks. Stronger macroeconomic frameworks would provide a more credible anchor to economies. Rapid credit growth in some countries calls for strengthening the prudential policies to ensure the continued soundness of financial institutions. Structural reforms to improve the business environment and governance, as well as closer regional cooperation, would enable CCA countries to achieve their goal of becoming dynamic emerging market economies.