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Sudan: Selected Issues

International Monetary Fund

No 2013/320, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines the monetary policy framework in Sudan, and assesses the effectiveness of monetary transmission mechanism since the secession of South Sudan. The econometric analysis concludes that reserve money, the exchange rate, and private sector credit are the main determinants of inflation after the secession of South Sudan and that the transmission lags have been shortened significantly compared with previous studies. These findings reinforce the need for a comprehensive package of fiscal and monetary measures that strengthens the monetary policy framework and improves its effectiveness.

Keywords: ISCR; CR; Sudan; exchange rate; government; tax; resource rent tax; tax regime; IMF staff calculation; cash flow; undiversified export market; accommodative monetary policy stance; Exchange rates; Gold; Inflation; Africa; Global (search for similar items in EconPapers)
Pages: 40
Date: 2013-11-01
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Citations: View citations in EconPapers (3)

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