Sudan: Staff: Monitored Program for 2009-10

International Monetary Fund

No 2009/218, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the staff-monitored program (SMP) for 2009–10 for Sudan. Sudan’s limited access to foreign financing means that significant adjustments in imports and expenditures are inevitable. The objectives of the new 18-month SMP (July 2009–December 2010) are to maintain macroeconomic stability and safeguard and rebuild foreign exchange reserves. The discussions on the SMP have focused mainly on crisis prevention. IMF staff recommends that fiscal policy of Sudan should be significantly tightened. The level of nonconcessional borrowing also needs to be carefully monitored.

Keywords: ISCR; CR; debt service; fiscal policy; oil price; terms of trade; personal income; broad money; government spending; private sector; oil revenue; economic situation; Oil prices; Currencies; Oil; gas and mining taxes; International reserves; Global (search for similar items in EconPapers)
Pages: 40
Date: 2009-07-24
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