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Republic of South Sudan: Third Review Under the Staff-Monitored Program, Request for Disbursement Under the Rapid Credit Facility, and Program Monitoring with Board Involvement-Press Release; and Staff Report
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2023: Issue 108
Language:
English
Publication Date:
09 Mar 2023
DOI:
https://doi.org/10.5089/9798400235696.002
ISBN:
9798400235696
ISSN:
1934-7685
Pages:
100
Keywords:
government operation; South Sudanese authorities; FSW disbursement; IMF team; authorities' effort; reform gain; customs administration reform; Oil; Government debt management; Debt sustainability analysis; Monetary base; Global; Southern Africa; East Africa
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This paper presents Republic of South Sudan’s Third Review under the Staff-Monitored Program, Request for Disbursement under the Rapid Credit Facility, and Program Monitoring with Board involvement. About two-thirds of South Sudan’s population is experiencing severe food insecurity, the highest level since independence. Significant reforms have been introduced since the start of the SMP in March 2021, including the unification of the official and parallel exchange rates and increased transparency of oil revenue and government operations. The authorities plan to channel part of the food stock window disbursement via the World Food Programme and International Organization of Migration making use of their systems to provide immediate humanitarian assistance to address food insecurity. In order to help guide their reform agenda aimed at maintaining macroeconomic stability and debt sustainability and improving governance and transparency, the authorities have also requested completion of the existing SMP and a new nine-month Staff Program Monitoring with Board Involvement to lay the ground for an eventual Extended Credit Facility.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund