Sudan: Recent Economic Developments
February 28, 1995
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This paper reviews economic developments in Sudan during 1990–94. In 1993 and 1994, the authorities decided to redress the economic imbalances by adopting a more comprehensive approach aimed at substantially lowering the rate of inflation through tighter fiscal and monetary restraint along with a more flexible exchange rate policy. Government expenditure was contained more tightly, particularly through cuts in investment outlays: the primary deficit and government recourse to domestic bank financing fell significantly in 1993/94. However, the fiscal and monetary policies put in place failed to lower inflation below 100 percent in 1992/93 and 1993/94.
Subject: Agricultural commodities, Banking, Commercial banks, Commodities, Exchange rates, Exports, Financial institutions, Foreign exchange, International trade
Keywords: Africa, Agricultural commodities, broad money, central bank, commercial bank, Commercial banks, CR, debt service, exchange rate, Exchange rates, Exports, ISCR, rate of exchange, U.S. dollar
Pages:
104
Volume:
1995
DOI:
Issue:
012
Series:
Country Report No. 1995/012
Stock No:
1SDNEA0011995
ISBN:
9781451833652
ISSN:
1934-7685
Notes
This report on recent economic developments in Sudan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
