## South Sudan: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Sudan

_IMF Staff Country Reports, March 23, 2017_

## Source details

**Canonical URL:** [South Sudan: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Sudan](https://www.imf.org/en/publications/cr/issues/2017/03/23/south-sudan-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44757)

## Other formats

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## Bibliographic details
- Published: March 23, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475588538.002

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### Overview
- Rapid deterioration of economic conditions in South Sudan since the beginning of the civil conflict in late 2013.
- Real GDP growth declined by nearly 20 percent during 2015 and 2016.
- Annual inflation rose to about 550 percent in September 2016 before declining to 370 percent in January 2017.
- The medium-term outlook faces challenges and significant downside risks.
- Without significant progress toward peace and economic stabilization, the economic trajectory for South Sudan is highly unstable, and the country risks spiraling into a trap of deteriorating economic performance and worsening security with continued high humanitarian costs.

### Key economic indicators (as reported)
- Real GDP growth: declined by nearly 20 percent during 2015 and 2016.
- Annual inflation: about 550 percent in September 2016; 370 percent in January 2017.
- Conflict onset referenced: late 2013.

### Major themes and focal areas
- Commodities
- External debt
- Oil; Oil prices
- Prices
- Public debt
- Public financial management (PFM)

### Medium-term outlook and risks
- Outlook characterized by significant downside risks.
- Stability contingent on "significant progress toward peace and economic stabilization."
- Potential adverse dynamic: spiraling into a trap of deteriorating economic performance and worsening security with continued high humanitarian costs.

### Implications for policy and priorities
- Peace progress and economic stabilization are presented as prerequisites for improving the economic trajectory.
- Priority areas implied by subject tags include managing oil and oil prices, addressing external and public debt, restoring price stability, and strengthening public financial management.

*Source: South Sudan: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Sudan (IMF, March 23, 2017).*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1773.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1773.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/03/23/south-sudan-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44757_