Sudan and the IMF
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In recognition of Sudan's progress since 1997 in implementing appropriate macroeconomic and structural policies under staff-monitored programs, and in making payments to the International Monetary Fund (IMF), the IMF's Executive Board has lifted the suspension of Sudan's voting and related rights in the IMF, which had been in place since August 9, 1993.
After the Executive Board discussion, Shigemitsu Sugisaki, Deputy Managing Director and Acting Chairman, made the following statement: "Sudan has made considerable progress over the last three years in stabilizing the macroeconomic situation and moving forward the structural reform agenda under staff-monitored programs and in making payments to the IMF. Nonetheless, it will be important for the authorities to maintain the current momentum in successfully implementing the medium-term staff-monitored program in terms of macroeconomic and structural policies, to increase payments to the IMF as committed for 2000 and 2001, and to further improve relations with other creditors. This would help provide a basis for a comprehensive resolution to Sudan's arrears to the IMF and its debt problem."
IMF EXTERNAL RELATIONS DEPARTMENT