Sudan: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan
IMF Staff Country Reports, December 11, 2017
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- Sudan: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan
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Bibliographic details
- Published: December 11, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484331668.002
Economic context and shocks
- Economic conditions in Sudan have been challenging since the secession of South Sudan in 2011 and the loss of the bulk of oil production and exports.
- Authorities implemented partial policy adjustments to help stabilize the economy and reestablish growth, most recently by allowing for greater exchange rate flexibility and reducing fuel subsidies.
Balance of payments and demand
- The current account deficit (cash basis) is expected to decline by 3.25 percentage points to 2.75 percent of GDP in 2017.
- Data for the first half of 2017 indicate weaker real domestic demand, partly offset by a strengthening contribution from net exports.
Policy actions and implications
- Recent policy measures highlighted:
- Greater exchange rate flexibility.
- Reduction of fuel subsidies.
- These partial adjustments are aimed at stabilization and reestablishing growth following the 2011 secession shock and loss of oil export revenues.
International Monetary Fund. Sudan: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan, December 11, 2017.
Content in this bundle
- Country Report