## 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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2021/04/21/sudan-first-review-under-the-staff-monitored-program-press-release-staff-report-and-50176/index.md)
- [Structured JSON version](/en/publications/cr/issues/2021/04/21/sudan-first-review-under-the-staff-monitored-program-press-release-staff-report-and-50176/index.json)
- [Bundle manifest](/en/publications/cr/issues/2021/04/21/sudan-first-review-under-the-staff-monitored-program-press-release-staff-report-and-50176/bundle-manifest.json)

## Bibliographic details
- Published: April 21, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513572840.002

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### 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

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## Content in this bundle

- **Executive Summary**
  - [Executive Summary (Markdown version)](/-/media/files/publications/cr/2021/english/1sdnea2021002.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary (PDF)](/-/media/files/publications/cr/2021/english/1sdnea2021002.pdf){rel="external" type="application/pdf"}

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_Source: 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_