Sudan: Recent Economic Developments

International Monetary Fund

No 1997/017, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Sudan during 1992–96. Real GDP rose by 5.3 percent in 1992/93 when rains were good and by about 4.5 percent during 1993/94–1995/96, as an uneven pattern of rainfall produced swings in output. With the exception of the first half of 1995, the central government’s fiscal performance was weak during 1992/93–1996, with expenditures typically twice as high as revenues and the deficit (on accrual basis) ranging between 18.7 percent of GDP in 1992/93 and 12.7 percent of GDP in 1994/95.

Keywords: ISCR; CR; foreign exchange; bank dealer; current account; debt service; free market; U.S. dollar; private sector; Commercial banks; Exports; Exchange rates; Agricultural commodities; Africa (search for similar items in EconPapers)
Pages: 93
Date: 1997-04-08
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