Republic of South Sudan: First Review under the Staff-Monitored Program-Press Release; and Staff Report
IMF Staff Country Reports, November 15, 2021
Source details
- Canonical URL
- Republic of South Sudan: First Review under the Staff-Monitored Program-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: November 15, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781557755148.002
Program approval and financing
- A 9-month Staff Monitored Program (SMP) combined with a disbursement under the Rapid Credit Facility (RCF) of 50 percent of quota (about US$174 million) was approved on March 30, 2021 to address BOP challenges and build a track record towards an upper credit tranche financial arrangement.
- This followed a disbursement under the RCF in November 2020 of 15 percent of quota (about US$52 million), which was the first-ever financial disbursement from the Fund to South Sudan.
Political developments and governance
- Progress in implementing the revitalized peace agreement of 2018 continued:
- Formation of a unity government in February 2020.
- Appointment of state governors in June 2020.
- National parliament was sworn into office in August 2021.
Humanitarian situation
- The humanitarian situation remains dire, with about 60 percent of the population facing high levels of acute food insecurity.
Subject focus and keywords
- Subject areas listed:
- Commodities
- Currency markets
- Debt sustainability analysis
- External debt
- Financial markets
- International organization
- Monetary policy
- Oil
- Oil prices
- Prices
- Public debt
- Keywords provided:
- Currency markets
- Debt sustainability analysis
- E. SMP modality
- East Africa
- exports threshold
- FX market reform
- Global
- governance reform
- Oil
- Oil prices
- RCF disbursement
- Southern Africa
- Sub-Saharan Africa
Content in this bundle
- 1ssdea2021002