{
  "title": "Sudan: Request for a 39-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Sudan",
  "publication": "IMF Staff Country Reports, June 30, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/06/30/sudan-request-for-a-39-month-arrangement-under-the-extended-credit-facility-press-release-461358",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2021/06/30/sudan-request-for-a-39-month-arrangement-under-the-extended-credit-facility-press-release-461358",
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  "summary": "Since the 2019 popular revolution, Sudan’s transitional government has taken difficult steps to right decades of economic mismanagement. The challenges facing the authorities remain significant, but they have fulfilled the necessary conditions to reach the HIPC Decision Point (DP).",
  "sections": [
    {
      "heading": "Executive summary and key findings",
      "content": "- Since the 2019 popular revolution, Sudan’s transitional government has taken difficult steps to right decades of economic mismanagement.\n- The authorities have fulfilled the necessary conditions to reach the HIPC Decision Point (DP).\n- Reaching the HIPC Decision Point is described as an historic achievement.\n- Sudan is set to clear its arrears and normalize relations with the IMF and other international financial institutions.\n- Clearing arrears and normalizing relations will unlock Sudan’s access to new financial resources to fund much needed development and social spending."
    },
    {
      "heading": "Policy implications and program orientation",
      "content": "- The content unit frames a request for a 39-month arrangement under the Extended Credit Facility (ECF).\n- The program is intended to support macroeconomic stabilization and enable access to international financial resources for development and social spending."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subject: Exchange rates, External debt, Foreign exchange, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration\n- Keywords: authorities' ECF, ECF arrangement, Exchange rates, Global, government securities market, HIPC completion point, HIPC decision point, policy commitment, Sudan family support 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: June 30, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513586335.002",
    "Since the 2019 popular revolution, Sudan’s transitional government has taken difficult steps to right decades of economic mismanagement.",
    "The authorities have fulfilled the necessary conditions to reach the HIPC Decision Point (DP).",
    "Reaching the HIPC Decision Point is described as an historic achievement.",
    "Sudan is set to clear its arrears and normalize relations with the IMF and other international financial institutions.",
    "Clearing arrears and normalizing relations will unlock Sudan’s access to new financial resources to fund much needed development and social spending.",
    "The content unit frames a request for a 39-month arrangement under the Extended Credit Facility (ECF).",
    "The program is intended to support macroeconomic stabilization and enable access to international financial resources for development and social spending.",
    "Subject: Exchange rates, External debt, Foreign exchange, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration",
    "Keywords: authorities' ECF, ECF arrangement, Exchange rates, Global, government securities market, HIPC completion point, HIPC decision point, policy commitment, Sudan family support program",
    "**Executive Summary**"
  ],
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