{
  "title": "Sudan: Second Review Under the Staff-Monitored Program and Request for Extension-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-second-review-under-the-staff-monitored-program-and-request-for-extension-staff-461363",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2021/06/30/sudan-second-review-under-the-staff-monitored-program-and-request-for-extension-staff-461363",
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  "summary": "The transitional government embarked on a 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.",
  "sections": [
    {
      "heading": "Overview and Objectives of the Staff-Monitored Program (SMP)",
      "content": "- The transitional government embarked on a Staff-Monitored Program (SMP) in 2020.\n- SMP objectives:\n  - Help address major macroeconomic imbalances caused by decades of mismanagement.\n  - Lay the groundwork for inclusive growth.\n  - Establish a track record of sound policies required for eventual HIPC debt relief."
    },
    {
      "heading": "Economic Context and Developments",
      "content": "- The economic challenges facing the authorities remain significant and have been exacerbated by the COVID-19 pandemic.\n- Improvements noted:\n  - Improvements in both the domestic and external environment.\n  - Sudan has cleared its arrears to the World Bank and African Development Bank, thereby regaining access to multilateral grant funding.\n  - A financing package for the clearance of arrears to the IMF has been identified.\n  - A development partner conference was held in Paris on May 17, 2021, with a side event to promote investment in Sudan."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Commercial banks, Currencies, Exchange rates, Financial institutions, Foreign exchange, International organization, Market exchange rates, Monetary base, Monetary policy, Money\n- Keywords: Commercial banks, Currencies, development partner conference, Exchange rates, financing pledge, forward-looking policy commitment, Global, government securities market, HIPC decision point, IMF's transparency policy, Market exchange rates, Monetary base, Policy discussion\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/10.5089/9781513586823.002",
    "The transitional government embarked on a Staff-Monitored Program (SMP) in 2020.",
    "SMP objectives:",
    "The economic challenges facing the authorities remain significant and have been exacerbated by the COVID-19 pandemic.",
    "Improvements noted:",
    "Subject: Commercial banks, Currencies, Exchange rates, Financial institutions, Foreign exchange, International organization, Market exchange rates, Monetary base, Monetary policy, Money",
    "Keywords: Commercial banks, Currencies, development partner conference, Exchange rates, financing pledge, forward-looking policy commitment, Global, government securities market, HIPC decision point, IMF's transparency policy, Market exchange rates, Monetary base, Policy discussion",
    "**Executive Summary**"
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