Sudan: 2007 Article IV Consultation and Staff-Monitored Program: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sudan
IMF Staff Country Reports, October 11, 2007
Source details
- Canonical URL
- Sudan: 2007 Article IV Consultation and Staff-Monitored Program: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sudan
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Bibliographic details
- Published: October 11, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833799.002
Key findings
- Overall real GDP increased by 12 percent in 2006.
- Non-oil GDP increased by roughly 10 percent in 2006—buoyed by a continued recovery in agriculture and strong activity in manufacturing, construction, and services.
- Oil production growth was lower than previously projected.
- The fiscal position weakened in 2006, reflecting mostly oil revenue shortfalls.
- The external current account position deteriorated, reaching a deficit of roughly 13 percent of GDP.
Macroeconomic performance (2006)
- Real GDP growth: 12 percent.
- Non-oil GDP growth: roughly 10 percent.
- Sectoral drivers: recovery in agriculture; strong activity in manufacturing, construction, and services.
- Oil sector: lower-than-projected growth in oil production.
Fiscal and external position
- Fiscal position: weakened in 2006, mainly due to oil revenue shortfalls.
- External current account: deficit of roughly 13 percent of GDP.
Subject coverage and keywords
- Subject: Banking, Expenditure, External debt, Monetary base, Oil, gas and mining taxes, Public debt, Public financial management (PFM), Revenue administration
- Keywords: authority, BOS cashflow table, broad money, commitment control procedure, CR, foreign exchange, Global, ISCR, June, June data, lower-than-budgeted expenditure, Middle East
International Monetary Fund. "Sudan: 2007 Article IV Consultation and Staff-Monitored Program: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sudan", IMF Staff Country Reports 2007, 343 (2007).