Sudan : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Middle East and Central Asia Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2020/072

IMF Staff Country Reports

Language:

English

Subjects (All):

Human rights.

Physical Description:

1 online resource (78 pages).

Other Title:

Sudan

Place of Publication:

Washington, D.C. : International Monetary Fund, 2020.

Summary:

This 2019 Article IV Consultation with Sudan discusses that regime change has created a window of opportunity for fundamental reforms to address major macro imbalances and lay the groundwork for inclusive growth. The economy is shrinking, fiscal and external imbalances are large, inflation is high, the currency is overvalued, and competitiveness is weak. The humanitarian situation is dire with large numbers of internally displaced people and refugees. US sanctions on trade and financial flows were revoked in October 2017, but Sudan remains on the state sponsors of terrorism list, which effectively discourages external investment and blocks progress toward both heavily indebted poor countries debt relief and the clearance of large arrears to the IMF. In this context, staff engagement has intensified to render the necessary policy and technical assistance to help the authorities seize this once-in-a-generation opportunity for reforms. There is broad agreement between the authorities and the IMF staff about the key reform priorities, however, the authorities have yet to put together a fully coherent and viable plan that enjoys broad public support and can plausibly attract adequate donor financing.

Contents:

Contents

CONTEXT

DEVELOPMENTS, OUTLOOK, AND RISKS

KEY CONSIDERATIONS FOR SUCCESSFUL REFORMS

POLICY DISCUSSIONS

A. Exchange Rate, Monetary, and Financial Sector Policies

B. Fiscal Consolidation

C. Supply-Side Reforms

OTHER

STAFF APPRAISAL

FIGURES

1. Selected Governance Indicators

2. Selected Economic Indicators

3. Fiscal Sector

4. Monetary Sector

5. External Sector

TABLES

1. Selected Economic Indicators, 2017-25

2. Medium-Term Macroeconomic Outlook, 2017-25

3a. Balance of Payments, 2017-25 (Millions of U.S. dollars)

3b. Balance of Payments, 2017-25 (Percent of GDP)

4a. Central Government Operations, 2017-25 (Billions of Sudanese pounds)

4b. Central Government Operations, 2017-25 (Percent of GDP)

5. Monetary Survey, 2014-20

6. Summary Accounts of the Central Bank of Sudan, 2014-20

7. Summary Accounts of the Commercial Banks, 2014-20

8. Financial Soundness Indicators

ANNEXES

I. Risk Assessment Matrix

II. Path to Debt Relief

III. External Stability Assessment

IV. Baseline and Policy Reform Scenarios.

Notes:

Includes bibliographical references.

Description based on publisher supplied metadata and other sources.

ISBN:

9781513536729

1513536729