IMF Staff Country Reports

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:

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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:

Article IV consultation reports Commodity prices Debt relief Debt sustainability analysis Economic conditions Economic growth Economic indicators Exchange restrictions Fiscal consolidation Monetary policy Multiple currency practices Press releases Revenue mobilization Staff Reports Sudan

Notes:

Also Available in Arabic