Source: International Monetary Fund (IMF) |

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) |

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…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes Visit to South Sudan

A staff team from the International Monetary Fund (IMF), led by Jan Mikkelsen, visited South Sudan during March 5-15 to conduct discussions of the 2019 Article IV Consultation

South Sudan is facing a deep economic crisis following several years of conflict; The September 2018 peace agreement has increased the prospects for lasting peace and reestablishing macroeconomic stability and credibility; Full dedication to peace, economic stabilization and robust oil management will be key in rebuilding policy credibility and regaining…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2017 Article IV Visit to Sudan

A team from the International Monetary Fund (IMF) led by Daniel Kanda visited Khartoum from September 13–September 26 to hold discussions on the 2016 Article IV Consultation with Sudan

Economic conditions in Sudan remain challenging in the face of persistent fiscal deficits, high inflation, and economic sanctions. The economic outlook hinges on implementing bold and broad-based reforms to stabilize the economy and strengthen growth.  The expansion of social safety nets to support the most vulnerable and reforms to improve…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2016 Article IV Consultation with the Republic of South Sudan

Directors noted that South Sudan is in debt distress despite moderate levels of external debt due to the combined impact of a civil war, decline in oil prices and high levels of fiscal spending

On March 15, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with the Republic of South Sudan. South Sudan faces enormous economic and humanitarian challenges in the aftermath of internal conflict and external shocks. The relapse into violence a few months after forming…

Source: International Monetary Fund (IMF) |

Commodities, Rainfall, Instability Biggest Challenges —African Ministers

Rising inflation, drops in currency due to political instability Low commodity prices adding to fiscal pressures Help from international community “paramount” Low commodity prices, climate change, and insecurity are forcing many countries to make significant fiscal adjustments, African finance ministers said during the IMF-World Bank Spring Meetings in Washington D.C.…