## Sudan: 2003 Article IV Consultation and First Review of the 2003 Staff-Monitored Program-Staff Report; and Public Information Notice on the Executive Board Discussion

_IMF Staff Country Reports, December 19, 2003_

## Source details

**Canonical URL:** [Sudan: 2003 Article IV Consultation and First Review of the 2003 Staff-Monitored Program-Staff Report; and Public Information Notice on the Executive Board Discussion](https://www.imf.org/en/publications/cr/issues/2016/12/30/sudan-2003-article-iv-consultation-and-first-review-of-the-2003-staff-monitored-program-17081)

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## Bibliographic details
- Published: December 19, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833737.002

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### Summary of discussions and main findings
- The discussions focused on reviewing the reforms that were implemented since the last consultation, policies for the remainder of the year as well as the parameters of the 2004 program, and the medium-term outlook.
- Executive Directors encouraged the exchange and monetary systems, but additional efforts are needed on the fiscal front.
- Finally, a progress was achieved in preparing a medium-term economic program that will be underpinned by the preparation, for the first time, of a three-year rolling medium-term budget (MTB).

### Policy areas highlighted
- Fiscal policy
  - Additional efforts are needed on the fiscal front.
- Monetary and exchange rate policy
  - Executive Directors encouraged the exchange and monetary systems.
- Medium-term planning
  - Preparation of a three-year rolling medium-term budget (MTB) to underpin a medium-term economic program.

### Subjects and keywords (as listed)
- Subjects: Budget planning and preparation, Exchange rate arrangements, External debt, Foreign exchange, Monetary base, Money, Oil, gas and mining taxes, Taxes
- Keywords: balance of payments, broad money growth, CR, East Africa, Exchange rate arrangements, gas and mining taxes, government, ISCR, managed float, Monetary base, Oil, oil revenue, reform program, regime, Southern Africa, Sudanese authorities

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/sudan-2003-article-iv-consultation-and-first-review-of-the-2003-staff-monitored-program-17081_