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Sudan: First Review of Performance Under the 2007-08 Staff-Monitored Program

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  • International Monetary Fund

Abstract

Sudan’s economic prospects are good, but risks remain. The report states that strong actions were taken for Government Finance Statistics Manuals and Guides (GFSM) implementation for monitoring domestic arrears under the Staff-Monitored Program (SMP). The need to maintain macroeconomic stability and implement strong monetary and fiscal policies are found to be essential. Higher oil prices and production have raised revenues. The need to correct past slippages and to reestablish fiscal credibility are found to be essential. Implementing delayed measures on public financial management and financial sector reform is crucial for restoring fiscal credibility and financial soundness.

Suggested Citation

  • International Monetary Fund, 2008. "Sudan: First Review of Performance Under the 2007-08 Staff-Monitored Program," IMF Staff Country Reports 2008/174, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2008/174
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22011
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    Cited by:

    1. Nour, Samia Satti Osman Mohamed, 2011. "Assessment of the impacts of oil: Opportunities and challenges for economic development in Sudan," MERIT Working Papers 2011-006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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