Sudan: First Review Under the Staff-Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Sudan
IMF Staff Country Reports, April 21, 2021
Source details
- Canonical URL
- Sudan: First Review Under the Staff-Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Sudan
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Bibliographic details
- Published: April 21, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513572840.002
Summary of the program and purpose
- The transitional government embarked on an IMF-supported Staff-Monitored Program (SMP) in 2020 to:
- help address major macroeconomic imbalances caused by decades of mismanagement,
- lay the groundwork for inclusive growth, and
- establish a track record of sound policies required for eventual HIPC debt relief.
- The challenges facing the authorities remain significant, but there have been improvements in both the domestic and external environment.
Improvements in external environment and international support
- International efforts to support Sudan have gained momentum, bolstered by:
- the removal of Sudan from the U.S. list of State Sponsors of Terrorism (SSTL), and
- the identification of bridge financiers for Sudan’s arrears clearance to IDA and the African Development Bank (AfDB).
Political developments and structural reforms
- The government has moved forward on important structural reforms.
- On February 8, 2021 the signatories to the October peace agreement were brought into a newly formed cabinet which reaffirmed its commitment to the economic reform program.
Subject coverage and keywords
- Subject areas: Financial institutions, Foreign exchange, International organization, Monetary policy, Money
- Keywords: B. Policy coordination, Commercial banks, Currencies, economic situation in Sudan, Exchange rate unification, Exchange rates, Global, government securities market, Market exchange rates, Monetary base, reform implementation, Sudan's Staff-Monitored Program
Content in this bundle
- Executive Summary