IMF Staff Country Reports

Sudan : First Review of Performance Under the 2007-08 Staff-Monitored Program

Author/Editor:

International Monetary Fund

Publication Date:

June 3, 2008

Electronic Access:

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Summary:

Sudan’s economic prospects are good, but risks remain. The report states that strong actions were taken for Government Finance Statistics Manuals and Guides (GFSM) implementation for monitoring domestic arrears under the Staff-Monitored Program (SMP). The need to maintain macroeconomic stability and implement strong monetary and fiscal policies are found to be essential. Higher oil prices and production have raised revenues. The need to correct past slippages and to reestablish fiscal credibility are found to be essential. Implementing delayed measures on public financial management and financial sector reform is crucial for restoring fiscal credibility and financial soundness.

Series:

Country Report No. 08/174

Subject:

Economic conditions Economic growth Economic indicators Financial management Oil revenues Payments arrears Staff-monitored programs