{
  "title": "Sudan: First Review Under the Staff-Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Sudan",
  "publication": "IMF Staff Country Reports, April 21, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/04/21/sudan-first-review-under-the-staff-monitored-program-press-release-staff-report-and-50176",
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  "summary": "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 re",
  "sections": [
    {
      "heading": "Summary of the program and purpose",
      "content": "- The transitional government embarked on an IMF-supported Staff-Monitored Program (SMP) in 2020 to:\n  - help address major macroeconomic imbalances caused by decades of mismanagement,\n  - lay the groundwork for inclusive growth, and\n  - establish a track record of sound policies required for eventual HIPC debt relief.\n- The challenges facing the authorities remain significant, but there have been improvements in both the domestic and external environment."
    },
    {
      "heading": "Improvements in external environment and international support",
      "content": "- International efforts to support Sudan have gained momentum, bolstered by:\n  - the removal of Sudan from the U.S. list of State Sponsors of Terrorism (SSTL), and\n  - the identification of bridge financiers for Sudan’s arrears clearance to IDA and the African Development Bank (AfDB)."
    },
    {
      "heading": "Political developments and structural reforms",
      "content": "- The government has moved forward on important structural reforms.\n- 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."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject areas: Financial institutions, Foreign exchange, International organization, Monetary policy, Money\n- 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\n\n---\n\n Content in this bundle\n\n- Executive Summary\n  - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: April 21, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513572840.002",
    "The transitional government embarked on an IMF-supported Staff-Monitored Program (SMP) in 2020 to:",
    "The challenges facing the authorities remain significant, but there have been improvements in both the domestic and external environment.",
    "International efforts to support Sudan have gained momentum, bolstered by:",
    "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 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",
    "**Executive Summary**"
  ],
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