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Sudan: Staff: Monitored Program for 2009-10
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 218
Language:
English
Publication Date:
24 Jul 2009
DOI:
https://doi.org/10.5089/9781451833812.002
ISBN:
9781451833812
ISSN:
1934-7685
Pages:
40
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund