Sudan: Request for a 39-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Sudan
IMF Staff Country Reports, June 30, 2021
Source details
- Canonical URL
- Sudan: Request for a 39-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Sudan
Other formats
Bibliographic details
- Published: June 30, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513586335.002
Executive summary and key findings
- Since the 2019 popular revolution, Sudan’s transitional government has taken difficult steps to right decades of economic mismanagement.
- The authorities have fulfilled the necessary conditions to reach the HIPC Decision Point (DP).
- Reaching the HIPC Decision Point is described as an historic achievement.
- Sudan is set to clear its arrears and normalize relations with the IMF and other international financial institutions.
- Clearing arrears and normalizing relations will unlock Sudan’s access to new financial resources to fund much needed development and social spending.
Policy implications and program orientation
- The content unit frames a request for a 39-month arrangement under the Extended Credit Facility (ECF).
- The program is intended to support macroeconomic stabilization and enable access to international financial resources for development and social spending.
Subjects and keywords (as listed)
- Subject: Exchange rates, External debt, Foreign exchange, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration
- Keywords: authorities' ECF, ECF arrangement, Exchange rates, Global, government securities market, HIPC completion point, HIPC decision point, policy commitment, Sudan family support program
Content in this bundle
- Executive Summary