{
  "title": "Republic of South Sudan: Third Review Under the Staff-Monitored Program with Board Involvement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of South Sudan",
  "publication": "IMF Staff Country Reports, December 5, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/12/05/republic-of-south-sudan-third-review-under-the-staff-monitored-program-with-board-558938",
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  "summary": "This paper focuses on South Sudan’s Third Review under the Staff-Monitored Program with Board Involvement. Severe spillovers from the conflict in Sudan, including refugee inflows and damages to an oil pipeline, have exacerbated South Sudan’s difficult humanitarian and macroeconomic situation, result",
  "sections": [
    {
      "heading": "Context and shock transmission",
      "content": "- Severe spillovers from the conflict in Sudan, including refugee inflows and damages to an oil pipeline, have exacerbated South Sudan’s difficult humanitarian and macroeconomic situation.\n- Resulting macroeconomic effects cited:\n  - economic slowdown\n  - sharp exchange rate depreciation\n  - high inflation\n  - higher spending needs against the backdrop of large fiscal revenue losses\n- Discussions during the Third Review of the Staff-Monitored Program with Board Involvement (PMB) focused on re-calibrating macroeconomic policy to address the impact of the external shocks."
    },
    {
      "heading": "Policy stance, commitments, and institutional actions",
      "content": "- The authorities remain committed to implementing strong policies and reform measures to restore macroeconomic stability.\n- IMF Management completed the Third review of the PMB with South Sudan.\n- The implementation of commitments taken by the authorities under the Letter of Intent will continue to support macroeconomic stability and debt sustainability.\n- The authorities remain committed to:\n  - fiscal and monetary prudence\n  - implementing their medium-term reform agenda"
    },
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      "heading": "Key publication metadata and scope",
      "content": "- Publication date: December 5, 2024\n- Pages: 58\n- Volume: 2024\n- Issue: 327\n- Series: Country Report No. 2024/327\n- DOI: https://doi.org/10.5089/9798400294587.002\n- Stock No: 1SSDEA2024002\n- ISBN: 9798400294587\n- ISSN: 1934-7685\n- The IMF eLibrary offers over 25,000 IMF publications in multiple formats."
    },
    {
      "heading": "Thematic coverage and subjects",
      "content": "- Subjects listed: Central banks, Foreign exchange, Oil production, Oil, gas and mining taxes, Production, Quasi-fiscal operations, Revenue administration, Taxes\n- Keywords listed: authorities view, authorities' priority, gas and mining taxes, Global, government operation, Oil, Oil production, Quasi-fiscal operations, reform agenda, VAT regime\n\nInternational Monetary Fund. African Dept. \"Republic of South Sudan: Third Review Under the Staff-Monitored Program with Board Involvement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of South Sudan\", IMF Staff Country Reports 2024, 327 (2024).\n\n---\n\n Content in this bundle\n\n- 1ssdea2024002-print-pdf\n  - 1ssdea2024002-print-pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1ssdea2024002-print-pdf (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 5, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400294587.002",
    "Severe spillovers from the conflict in Sudan, including refugee inflows and damages to an oil pipeline, have exacerbated South Sudan’s difficult humanitarian and macroeconomic situation.",
    "Resulting macroeconomic effects cited:",
    "Discussions during the Third Review of the Staff-Monitored Program with Board Involvement (PMB) focused on re-calibrating macroeconomic policy to address the impact of the external shocks.",
    "The authorities remain committed to implementing strong policies and reform measures to restore macroeconomic stability.",
    "IMF Management completed the Third review of the PMB with South Sudan.",
    "The implementation of commitments taken by the authorities under the Letter of Intent will continue to support macroeconomic stability and debt sustainability.",
    "The authorities remain committed to:",
    "Publication date: December 5, 2024",
    "Pages: 58",
    "Volume: 2024",
    "Issue: 327",
    "Series: Country Report No. 2024/327",
    "DOI: https://doi.org/10.5089/9798400294587.002",
    "Stock No: 1SSDEA2024002",
    "ISBN: 9798400294587",
    "ISSN: 1934-7685",
    "The IMF eLibrary offers over 25,000 IMF publications in multiple formats.",
    "Subjects listed: Central banks, Foreign exchange, Oil production, Oil, gas and mining taxes, Production, Quasi-fiscal operations, Revenue administration, Taxes",
    "Keywords listed: authorities view, authorities' priority, gas and mining taxes, Global, government operation, Oil, Oil production, Quasi-fiscal operations, reform agenda, VAT regime",
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