{
  "title": "Republic of South Sudan: First Review under the Staff-Monitored Program-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, November 15, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/11/15/republic-of-south-sudan-first-review-under-the-staff-monitored-program-press-release-and-506888",
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  "summary": "A 9-month Staff Monitored Program (SMP) combined with a disbursement under the Rapid Credit Facility (RCF) of 50 percent of quota (about US$174 million) was approved on March 30, 2021 to address BOP challenges and build a track record towards an upper credit tranche financial arrangement.",
  "sections": [
    {
      "heading": "Program approval and financing",
      "content": "- A 9-month Staff Monitored Program (SMP) combined with a disbursement under the Rapid Credit Facility (RCF) of 50 percent of quota (about US$174 million) was approved on March 30, 2021 to address BOP challenges and build a track record towards an upper credit tranche financial arrangement.\n- This followed a disbursement under the RCF in November 2020 of 15 percent of quota (about US$52 million), which was the first-ever financial disbursement from the Fund to South Sudan."
    },
    {
      "heading": "Political developments and governance",
      "content": "- Progress in implementing the revitalized peace agreement of 2018 continued:\n  - Formation of a unity government in February 2020.\n  - Appointment of state governors in June 2020.\n  - National parliament was sworn into office in August 2021."
    },
    {
      "heading": "Humanitarian situation",
      "content": "- The humanitarian situation remains dire, with about 60 percent of the population facing high levels of acute food insecurity."
    },
    {
      "heading": "Subject focus and keywords",
      "content": "- Subject areas listed:\n  - Commodities\n  - Currency markets\n  - Debt sustainability analysis\n  - External debt\n  - Financial markets\n  - International organization\n  - Monetary policy\n  - Oil\n  - Oil prices\n  - Prices\n  - Public debt\n- Keywords provided:\n  - Currency markets\n  - Debt sustainability analysis\n  - E. SMP modality\n  - East Africa\n  - exports threshold\n  - FX market reform\n  - Global\n  - governance reform\n  - Oil\n  - Oil prices\n  - RCF disbursement\n  - Southern Africa\n  - Sub-Saharan Africa\n\n---\n\n Content in this bundle\n\n- 1ssdea2021002\n  - 1ssdea2021002 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1ssdea2021002 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 15, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781557755148.002",
    "A 9-month Staff Monitored Program (SMP) combined with a disbursement under the Rapid Credit Facility (RCF) of 50 percent of quota (about US$174 million) was approved on March 30, 2021 to address BOP challenges and build a track record towards an upper credit tranche financial arrangement.",
    "This followed a disbursement under the RCF in November 2020 of 15 percent of quota (about US$52 million), which was the first-ever financial disbursement from the Fund to South Sudan.",
    "Progress in implementing the revitalized peace agreement of 2018 continued:",
    "The humanitarian situation remains dire, with about 60 percent of the population facing high levels of acute food insecurity.",
    "Subject areas listed:",
    "Keywords provided:",
    "**1ssdea2021002**"
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