International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Dec 18, 2023

International Monetary Fund (IMF) Staff Completes Mission to South Sudan for the 2023 Article IV Consultation and Review of Program Monitoring with Board Involvement

The Article IV consultations focused on medium-term policies to address fragility relating to increasing fiscal space, enhancing transparency, and improving public financial management (PFM)

The South Sudanese authorities are facing multiple challenges including significant spillovers from the conflict in neighboring Sudan, protracted flooding, declining humanitarian assistance, the incorporation of newly constituted security forces into the payroll, and the need to finance elections planned for 2024; Macroeconomic policies have remained broadly oriented towards stability. In…

Source: International Monetary Fund (IMF) | May 16, 2023

International Monetary Fund (IMF) Staff Concludes Mission to South Sudan for Mid-Term Review of Staff Monitored Program with Board Involvement

Humanitarian and macroeconomic conditions have deteriorated since the start of the fighting in Sudan in mid-April 2023

An International Monetary Fund (IMF) staff team, led by Mr. Niko Hobdari, visited South Sudan during May 3-12, 2023. The team held discussions with the authorities on the 9-month Staff-Monitored Program with Board Involvement (PMB) that was approved by IMF management in February 2023. At the end of the visit, Mr. Hobdari…

Source: International Monetary Fund (IMF) | Mar 02, 2023

International Monetary Fund (IMF) Executive Board Approves US$114.8 Million in Emergency Financing Support to South Sudan

This emergency financing under the Food Shock Window will help South Sudan to address food insecurity while maintaining social and growth-enhancing spending

The Executive Board of the International Monetary Fund (IMF) approved today a disbursement of SDR 86.1 million (about US$114.8 million) to South Sudan under the Food Shock Window of the Rapid Credit Facility (RCF). This emergency financing under the Food Shock Window will help South Sudan to address food insecurity…

Source: International Monetary Fund (IMF) | Nov 22, 2022

International Monetary Fund (IMF) Reaches Staff-Level Agreement with the Republic of South Sudan on the Third Review of the Staff-Monitored Program, a Rapid Credit Facility through the Food Shock Window and Program Monitoring with Board Involvement

This emergency financing under the new Food Shock Window will help South Sudan address food insecurity, support social spending, and boost international reserves

IMF staff and the South Sudanese authorities have reached a staff-level agreement for about US$112.7 million in emergency financing through the IMF’s new Food Shock Window of the Rapid Credit Facility combined with a Program Monitoring with Board Involvement; This emergency financing under the new Food Shock Window will help…

Source: International Monetary Fund (IMF) | Aug 03, 2022

IMF Executive Board Concludes 2022 Article IV Consultation and IMF Management Completes Second Review Under Staff-Monitored Program with Republic of South Sudan

The authorities have taken encouraging steps to improve macroeconomic governance and liberalize the foreign exchange market

Despite a challenging economic environment, South Sudan has implemented many of the recommendations of the 2019 Article IV; The authorities have taken encouraging steps to improve macroeconomic governance and liberalize the foreign exchange market. Public Financial Management reforms have been initiated and continue to progress. Subject to continued implementation of…

Source: International Monetary Fund (IMF) | Mar 28, 2022

IMF Staff and Republic of South Sudan Hold Discussions on Second Review of Staff Monitored Program and Article IV Consultation

The Staff Monitored Program (SMP) has underpinned key monetary and exchange rate reforms

South Sudan faces unprecedented challenges owing to the pandemic, rising international fuel and food prices from the war in Ukraine, and three consecutive years of extensive floods; The Staff Monitored Program (SMP) has underpinned key monetary and exchange rate reforms and seeks to support macroeconomic stability and reinforce fiscal discipline…

Source: International Monetary Fund (IMF) | Nov 15, 2021

IMF Management Approves the Completion of the First Review of the Staff-Monitored Program with the Republic of South Sudan

An effective follow-up by the appropriate institutions on the findings of the audit will be essential

IMF staff commends the authorities for implementing key economic reforms supported by the Staff-Monitored Program (SMP) that have stabilized the exchange rate, contributed to a significant decline in inflation, and unified the exchange rates in the market; it will be important to make sustained progress under the SMP, especially by…