This DSA was prepared jointly by IMF and World Bank staff under the joint Fund-Bank Low-Income Country (LIC) Debt Sustainability Framework (DSF). Sudan’s fiscal year runs from January 1 to December 31.
Sudan and South Sudan also reached the so-called “zero option” agreement in September 2012, whereby Sudan would retain all external liabilities after the secession of South Sudan, provided that the international community gave firm commitments to the delivery of debt relief within two years. Absent such a commitment, Sudan’s external debt would be apportioned with South Sudan based on a formula to be determined. The two parties have agreed to extend this agreement on several occasions.
As of end-June 2020, arrears to the IMF and WB amounted to $1,325.6mn and $1,035.8mn, respectively. Arrears to the AfDB group amounted to $377.5mn as of June 15 2020.
The difference between the on-budget and true fiscal deficits is the implicit subsidies not reported in the budget but financed through monetization by the central bank.
External debt data were partially updated in December 2019 during the Article IV consultation mission.
The breakdown of individual components is not available.
The CI captures the impact of the different factors through a weighted average of the country’s real GDP growth, remittances, international reserves, and world growth and the CPIA score. The details on the methodology can be found in the new LIC-DSF guidance note: https://www.imf.org/en/Publications/Policy-Papers/Issues/2018/02/14/pp122617guidance-note-on-lic-dsf
Ratios in terms of GDP are calculated using a weighed exchange rate between the official and the parallel market rate.