Sudan: Selected Issues

IMF Staff Country Reports, March 10, 2020

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Sudan: Selected Issues

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Bibliographic details

• Published: March 10, 2020
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781513536743.002

Summary and scope

• Provides a first stock-taking of the scale, main transmission channels and potential costs of poor governance and corruption in Sudan and offers preliminary recommendations.
• Notes a large body of literature and country analyses confirming that weak governance and corruption:
  • undermine economic growth,
  • amplify income inequality,
  • erode public trust in the institutions.
• States that, according to international agencies and existing literature, Sudan has scored very poorly on compliance with rule of law best practices in the past.

Main transmission channels and governance weaknesses

• Political exposure and preventive measures:
  • Effective implementation of preventive measures is important; particularly in relation to politically exposed persons.
• Beneficial ownership and misuse risks:
  • Transparency on beneficial ownership of legal persons and arrangements to prevent their misuse for laundering the proceeds of corruption are necessary.
• Sectoral governance backbone:
  • Transparency, accountability, and comprehensive communication should be the backbone of governance and anti-corruption reforms in each sector.

Fiscal and revenue implications

• Tax policy and revenue recommendations:
  • Rationalizing tax exemptions and phasing out tax holidays would strengthen governance while boosting fiscal revenues.

Subject coverage and keywords

• Subject: Commodities, Corruption, Crime, Economic sectors, Energy subsidies, Expenditure, Oil, Oil sector, Revenue administration
• Keywords include: authority, bank, Corruption, CR, customs authority, Energy subsidies, generation company, Global, governance mission, IMF staff calculation, improving tax performance, ISCR, joint venture bank, Middle East and Central Asia, Oil, Oil sector, revenue loss, risk profile, Sub-Saharan Africa, Sudan, supervision capacity need

Content in this bundle

• Sudan: Selected Issues; IMF Country Report No. 20/73; February 6, 2020
  • Sudan: Selected Issues; IMF Country Report No. 20/73; February 6, 2020 (Markdown version)
  • Sudan: Selected Issues; IMF Country Report No. 20/73; February 6, 2020 (PDF)