Sudan Staff: Monitored Program for 2009-10

This paper discusses the staff-monitored program (SMP) for 2009–10 for Sudan. Sudan’s limited access to foreign financing means that significant adjustments in imports and expenditures are inevitable. The objectives of the new 18-month SMP (July 2009–December 2010) are to maintain macroeconomic stab...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper discusses the staff-monitored program (SMP) for 2009–10 for Sudan. Sudan’s limited access to foreign financing means that significant adjustments in imports and expenditures are inevitable. The objectives of the new 18-month SMP (July 2009–December 2010) are to maintain macroeconomic stability and safeguard and rebuild foreign exchange reserves. The discussions on the SMP have focused mainly on crisis prevention. IMF staff recommends that fiscal policy of Sudan should be significantly tightened. The level of nonconcessional borrowing also needs to be carefully monitored
Physical Description:40 pages
ISBN:9781451833812