## Sudan: Second Review Under the Staff-Monitored Program and Request for Extension-Staff Report; and Statement by the Executive Director for Sudan

_IMF Staff Country Reports, June 30, 2021_

## Source details

**Canonical URL:** [Sudan: Second Review Under the Staff-Monitored Program and Request for Extension-Staff Report; and Statement by the Executive Director for Sudan](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2021/06/30/sudan-second-review-under-the-staff-monitored-program-and-request-for-extension-staff-461363/index.md)
- [Structured JSON version](/en/publications/cr/issues/2021/06/30/sudan-second-review-under-the-staff-monitored-program-and-request-for-extension-staff-461363/index.json)
- [Bundle manifest](/en/publications/cr/issues/2021/06/30/sudan-second-review-under-the-staff-monitored-program-and-request-for-extension-staff-461363/bundle-manifest.json)

## Bibliographic details
- Published: June 30, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513586823.002

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### Overview and Objectives of the Staff-Monitored Program (SMP)
- The transitional government embarked on a Staff-Monitored Program (SMP) in 2020.
- SMP objectives:
  - Help address major macroeconomic imbalances caused by decades of mismanagement.
  - Lay the groundwork for inclusive growth.
  - Establish a track record of sound policies required for eventual HIPC debt relief.

### Economic Context and Developments
- The economic challenges facing the authorities remain significant and have been exacerbated by the COVID-19 pandemic.
- Improvements noted:
  - Improvements in both the domestic and external environment.
  - Sudan has cleared its arrears to the World Bank and African Development Bank, thereby regaining access to multilateral grant funding.
  - A financing package for the clearance of arrears to the IMF has been identified.
  - A development partner conference was held in Paris on May 17, 2021, with a side event to promote investment in Sudan.

### Subject Areas and Keywords
- 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

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## Content in this bundle

- **Executive Summary**
  - [Executive Summary (Markdown version)](/-/media/files/publications/cr/2021/english/1sdnea2021004.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary (PDF)](/-/media/files/publications/cr/2021/english/1sdnea2021004.pdf){rel="external" type="application/pdf"}

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_Source: 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_