Republic of South Sudan: First Review under the Staff-Monitored Program-Press Release; and Staff Report

November 15, 2021

Preview Citation

Format: Chicago

Republic of South Sudan: First Review under the Staff-Monitored Program-Press Release; and Staff Report, (USA: International Monetary Fund, 2021) accessed November 8, 2024

Summary

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. Progress has continued in implementing the revitalized peace agreement of 2018: following the formation of a unity government in February 2020 and the appointment of state governors in June 2020, the national parliament was sworn into office in August 2021. The humanitarian situation remains dire, with about 60 percent of the population facing high levels of acute food insecurity.

Subject: Commodities, Currency markets, Debt sustainability analysis, External debt, Financial markets, International organization, Monetary policy, Oil, Oil prices, Prices, Public debt

Keywords: 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

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/246
Stock No:

1SSDEA2021002
ISBN:

9781557755148
ISSN:

1934-7685

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