Republic of South Sudan: Third Review Under the Staff-Monitored Program with Board Involvement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of South Sudan
IMF Staff Country Reports, December 5, 2024
Source details
- Canonical URL
- Republic of South Sudan: Third Review Under the Staff-Monitored Program with Board Involvement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of South Sudan
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Bibliographic details
- Published: December 5, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400294587.002
Context and shock transmission
- Severe spillovers from the conflict in Sudan, including refugee inflows and damages to an oil pipeline, have exacerbated South Sudan’s difficult humanitarian and macroeconomic situation.
- Resulting macroeconomic effects cited:
- economic slowdown
- sharp exchange rate depreciation
- high inflation
- higher spending needs against the backdrop of large fiscal revenue losses
- Discussions during the Third Review of the Staff-Monitored Program with Board Involvement (PMB) focused on re-calibrating macroeconomic policy to address the impact of the external shocks.
Policy stance, commitments, and institutional actions
- The authorities remain committed to implementing strong policies and reform measures to restore macroeconomic stability.
- IMF Management completed the Third review of the PMB with South Sudan.
- The implementation of commitments taken by the authorities under the Letter of Intent will continue to support macroeconomic stability and debt sustainability.
- The authorities remain committed to:
- fiscal and monetary prudence
- implementing their medium-term reform agenda
Key publication metadata and scope
- Publication date: December 5, 2024
- Pages: 58
- Volume: 2024
- Issue: 327
- Series: Country Report No. 2024/327
- DOI: https://doi.org/10.5089/9798400294587.002
- Stock No: 1SSDEA2024002
- ISBN: 9798400294587
- ISSN: 1934-7685
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Thematic coverage and subjects
- Subjects listed: Central banks, Foreign exchange, Oil production, Oil, gas and mining taxes, Production, Quasi-fiscal operations, Revenue administration, Taxes
- Keywords listed: authorities view, authorities' priority, gas and mining taxes, Global, government operation, Oil, Oil production, Quasi-fiscal operations, reform agenda, VAT regime
International Monetary Fund. African Dept. "Republic of South Sudan: Third Review Under the Staff-Monitored Program with Board Involvement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of South Sudan", IMF Staff Country Reports 2024, 327 (2024).
Content in this bundle
- 1ssdea2024002-print-pdf