Sudan: Recent Economic Developments

International Monetary Fund

No 1995/012, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Sudan during 1990–94. In 1993 and 1994, the authorities decided to redress the economic imbalances by adopting a more comprehensive approach aimed at substantially lowering the rate of inflation through tighter fiscal and monetary restraint along with a more flexible exchange rate policy. Government expenditure was contained more tightly, particularly through cuts in investment outlays: the primary deficit and government recourse to domestic bank financing fell significantly in 1993/94. However, the fiscal and monetary policies put in place failed to lower inflation below 100 percent in 1992/93 and 1993/94.

Keywords: ISCR; CR; U.S. dollar; exchange rate; commercial bank; broad money; debt service; rate of exchange; central bank; Commercial banks; Agricultural commodities; Exchange rates; Exports; Africa (search for similar items in EconPapers)
Pages: 104
Date: 1995-02-28
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