Sudan: Midyear Review of the 2005 Staff-Monitored Program
IMF Staff Country Reports, December 12, 2005
Source details
- Canonical URL
- Sudan: Midyear Review of the 2005 Staff-Monitored Program
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Bibliographic details
- Published: December 12, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451833775.002
Overview of program performance
- After a mixed performance under the staff-monitored program, the authorities are taking corrective measures to bring the program back on track.
- Actions already taken include imposing strict controls on nonpriority government spending, tightening monetary policy, and committing to stop nonconcessional borrowing.
Fiscal policy and expenditure management
- Strict controls on nonpriority government spending have been imposed.
- Recommendation: Expenditures should be allocated to priority sectors and high-return projects.
- Recommendation: Fuel subsidies should be reduced.
Monetary policy and inflation management
- The authorities have tightened monetary policy as part of corrective measures.
- Subject tags include: Inflation, Monetary base, Money, Prices.
External buffers and oil-related policy
- The oil saving account will continue to play an important role in providing self-insurance against an oil price shock.
- Subject tags include: Oil, Oil prices, Commodities.
Key findings and policy commitments
- Authorities committed to stop nonconcessional borrowing.
- Emphasis on prioritizing spending and reducing subsidies to improve program outcomes.