IMF Staff Country Reports

Sudan: Midyear Review of the 2004 Staff-Monitored Program

Publication Date:

June 6, 2005

Electronic Access:

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Summary:

This paper presents the midyear review of the 2004 Staff-Monitored Program (SMP) for Sudan. Policy performance in the first half of 2004 was broadly in line with the program. All quantitative benchmarks and most structural benchmarks were met. Real GDP growth has been stronger than anticipated under the program, but inflation pressures are rising. The current account deficit (cash basis) was 1½ percent of GDP, better than programmed, owing to a broad-based rise in exports and high private transfers.

Series:

Country Report No. 2005/184

Subject:

Commodities Currencies External debt Monetary base Money Oil Oil, gas and mining taxes Taxes