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Sudan: Midyear Review of the 2004 Staff-Monitored Program

International Monetary Fund

No 2005/184, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents the midyear review of the 2004 Staff-Monitored Program (SMP) for Sudan. Policy performance in the first half of 2004 was broadly in line with the program. All quantitative benchmarks and most structural benchmarks were met. Real GDP growth has been stronger than anticipated under the program, but inflation pressures are rising. The current account deficit (cash basis) was 1½ percent of GDP, better than programmed, owing to a broad-based rise in exports and high private transfers.

Keywords: ISCR; CR; government; exchange rate; debt service; cash basis; current account; monetary policy; oil revenue; fund staff estimate; Monetary base; Currencies; Oil; gas and mining taxes (search for similar items in EconPapers)
Pages: 40
Date: 2005-06-06
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