Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

December 11, 2017

Electronic Access:

Free Full Text (PDF file size is 1797 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

After 20 years, longstanding U.S. sanctions on trade and financial flows were revoked in October 2017, considering Sudan’s progress in cessation of hostilities in internal conflicts, improved cooperation on regional stability and counterterrorism, and improved humanitarian access. However, Sudan remains on the U.S. list of State Sponsors of Terrorism (SSTL), blocking progress towards badly needed debt relief. Arrears to the Fund are large (SDR 966.3 million). Economic conditions have been challenging since the secession of South Sudan in 2011, and the associated loss of the bulk of oil exports. Loose fiscal and monetary policies are fueling high inflation and could increase external imbalances over the medium term. Reserves remain very low and external financing relies on support from Gulf states.

Series:

Country Report No. 17/364