## 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, December 5, 2024_

## Source details

**Canonical URL:** [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](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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## Bibliographic details
- Published: December 5, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400294587.002

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### Context and shock transmission
- 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:
  - economic slowdown
  - sharp exchange rate depreciation
  - high inflation
  - higher spending needs against the backdrop of large fiscal revenue losses
- 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.

### Policy stance, commitments, and institutional actions
- 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:
  - fiscal and monetary prudence
  - implementing their medium-term reform agenda

### Key publication metadata and scope
- 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.

### Thematic coverage and subjects
- 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

*International 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).*

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_Source: 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_