Sudan: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan

December 11, 2017

Preview Citation

Format: Chicago

Sudan: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan, (USA: International Monetary Fund, 2017) accessed November 26, 2024

Summary

This 2017 Article IV Consultation highlights that the economic conditions in Sudan have been challenging since the secession of South Sudan in 2011 and the loss of the bulk of oil production and exports. The authorities have implemented partial policy adjustments to help stabilize the economy and reestablish growth, most recently by allowing for greater exchange rate flexibility and reducing fuel subsidies. The current account deficit (cash basis) is expected to decline by 3.25 percentage points to 2.75 percent of GDP in 2017. Data for the first half of 2017 indicate weaker real domestic demand, partly offset by a strengthening contribution from net exports.

Subject: Currencies, Exchange rates, External debt, Foreign exchange, Money, Public debt

Keywords: Authorities' effort, CBOS rate, Central Asia, Central bank monetization, CR, Currencies, Debt, Deficit, Europe, Exchange rate, Exchange rates, Global, Government, Government finances, ISCR, Middle East, Payment capacity, Sub-Saharan Africa, Sudanese authorities

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/364
Stock No:

1SDNEA2017001
ISBN:

9781484331668
ISSN:

1934-7685

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