Sudan : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

October 4, 2016

Electronic Access:

Free Full text (PDF file size is 1804 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Sudan is a low-income fragile country facing significant domestic and international constraints and large macroeconomic imbalances despite notable progress toward macroeconomic stability and growth. Following the shock of the secession of South Sudan five years ago, policy adjustments helped to contain the fiscal deficit, slow money growth, reduce inflation, and support economic recovery. Institutional reforms strengthened tax collections and public financial management, and social spending increased. Despite these efforts, however, large macroeconomic imbalances—triggered by the loss of three-quarters of oil exports—continue to constrain growth prospects, along with weak policies, internal conflicts, and U.S. sanctions. Domestic and international efforts to end internal conflicts have yet to bear fruit, and the humanitarian situation remains difficult. Sanctions and the withdrawal of correspondent bank relations weigh on trade, investment, and growth. Absence of progress toward debt relief limits access to official external financing.

Series:

Country Report No. 16/324

Subject:

Notes:

Also Available in Arabic

English

Publication Date:

October 4, 2016

ISBN/ISSN:

9781475543933/1934-7685

Stock No:

1SDNEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

80

Please address any questions about this title to publications@imf.org