Financial Reforms in Sudan: Streamlining Bank Intermediation

Author/Editor:

Alexei P Kireyev

Publication Date:

May 1, 2001

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The paper reviews the experience of financial reforms in Sudan with a view to assessing their macroeconomic impact and to shedding light on the question why such reforms have not yet brought about visible improvements in financial intermediation. The paper concludes that regardless of the progress achieved in recent years, deficiencies in the reform design, institutional weaknesses, shallow financial markets, shortcomings of the Islamic mode of finance, and strong seasonality remain key factors that constrain financial intermediation. Additional efforts, in particular in bank restructuring, credit instrument design, monetary policy management, and prudential regulation are needed to address the systemic problems of the financial sector and to make it capable of supporting private sector growth.

Series:

Working Paper No. 2001/053

Subject:

Banking Commercial banks Credit Currencies Financial institutions Monetary base Monetary policy Monetary policy instruments Money

English

Publication Date:

May 1, 2001

ISBN/ISSN:

9781451847383/1018-5941

Stock No:

WPIEA0532001

Pages:

54

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