Imf Staff Monitored Program Sudan

Imf Staff Monitored Program Sudan

The authorities have requested an IMF Staff-Monitored Program to establish a track record on policy and reform implementation which is a requirement for eventual debt relief visa-vis official. Policy performance in the first half of 2004 was broadly in line with the program.

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The audit of the Sudan Petroleum Company SPC was completed and netting operations by public enterprises.

Imf staff monitored program sudan. The Executive Board endorsed Sudans Staff-Monitored Program SMP which was approved by the Managing Director on September 9 2020 as meeting the Upper Credit Tranche Conditionality standard. June 8 2020 KHARTOUM - Sudan and the International Monetary Fund have launched discussions on a Staff-Monitored Program SMP agreement to monitor Khartoums economic plans and eventually to. Major challenges lie ahead.

The staff team comprised Edward Gemayel head Eric Mottu Haiyan Shi all MCD Yoon Kim FAD Mariusz Sumlinski FIN and Yi Xiong. Final Review Under the 2002 Staff-Monitored Program and the 2003 Program published on by INTERNATIONAL MONETARY FUND. The IMF is slated to carry out its first formal review of Sudans 12-month program of economic reforms in February 2021 following a staff visit in November.

January 19 2021 KHARTOUM - The International Monetary Fund IMF revealed that several major donors expressed support to efforts aimed at securing debt relief for Sudan. Country facing daunting social economic challenges. All quantitative benchmarks and most structural benchmarks were met.

The IMF and the World Bank launched the. This paper presents the midyear review of the 2004 Staff-Monitored Program SMP for Sudan. WASHINGTON Reuters - The International Monetary Fund is working very intensively with Sudan to build the preconditions for broad debt relief and will assess progress on a staff-monitored.

SUDAN INTERNATIONAL MONETARY FUND 3 Approved By Adnan Mazarei MCD and Ranil Salgado SPR Discussions took place in Khartoum during September 316 2014. Sudan is embarking on a difficult national dialogue with the opposition and some armed groups in the Blue Nile and South Kordofan regions. The government requested the SMP to establish a strong track record of policy and reform implementationa key requirement for eventual debt relief.

Real GDP growth has been stronger than anticipated under the program but inflation pressures are rising. The objective is to break the current destructive cycle of instability and prepare for the upcoming presidential. Executive Directors commended Sudans efforts to bring economic policies back on track and welcomed the establishment of a mechanism to save oil export receipts arising from higher-than-programmed oil prices but underscored the need to strengthen budget control and monitoring systems.

Until the end of June 2021 IMF staff will be monitoring the implementation of a home-grown economic restructuring program that aims at stabilizing the economy removing distortions improving competitiveness and strengthening governance according to an IMF statement released Wednesday. SUDAN FIRST REVIEW UNDER THE STAFF-MONITORED PROGRAM KEY ISSUES Political Context. Via IMF Den Internationale Valutafond IMF Board Endorses Staff-Monitored Program for Sudan September 23 2020 The Executive Board endorsed Sudans Staff-Monitored Program SMP which was approved by the Managing Director on September 9 2020 as meeting the Upper Credit Tranche Conditionality standard.

The authorities have embarked on a stabilization program and are expecting that a return of peace in South Sudan will ensure continuation of oil flows which are crucial for sustaining the government renewed adjustment process resumed last September. CAIRO Reuters - International Monetary Fund IMF staff and Sudan have reached agreement on macroeconomic policies structural reforms that would underpin a 12-month staff-monitored program the. The transitional government has requested a Staff-Monitored Program SMP to help address major macro imbalances lay the groundwork for inclusive growth and establish a track record of sound policies that is a requirement for eventual HIPC debt relief.

The Sudanese authorities have requested a 12-month Staff-Monitored program SMP to support their efforts to restore macroeconomic stability lay the foundation for strong and inclusive growth mobilize external financing make progress toward debt relief under the Heavily Indebted Poor Country HIPC initiative as well as cope with the impact of COVID-19. 249 187 056 324 Email. IMF Sudan took a further step toward agreeing a staff-monitored program with the International Monetary Fund a deal the North African country.

The IMF headquarters is. Resident Representative for Sudan Mohammed Zaher Resident Representative.