Cover IMF Staff Country Reports
Sudan: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 012
Language:
English
Publication Date:
28 Feb 1995
DOI:
https://doi.org/10.5089/9781451833652.002
ISBN:
9781451833652
ISSN:
1934-7685
Pages:
104
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1995: Issue 012