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Financial Reforms in Sudan: Streamlining Bank Intermediation

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  • Mr. Alexei P Kireyev

Abstract

The paper reviews the experience of financial reforms in Sudan with a view to assessing their macroeconomic impact and to shedding light on the question why such reforms have not yet brought about visible improvements in financial intermediation. The paper concludes that regardless of the progress achieved in recent years, deficiencies in the reform design, institutional weaknesses, shallow financial markets, shortcomings of the Islamic mode of finance, and strong seasonality remain key factors that constrain financial intermediation. Additional efforts, in particular in bank restructuring, credit instrument design, monetary policy management, and prudential regulation are needed to address the systemic problems of the financial sector and to make it capable of supporting private sector growth.

Suggested Citation

  • Mr. Alexei P Kireyev, 2001. "Financial Reforms in Sudan: Streamlining Bank Intermediation," IMF Working Papers 2001/053, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2001/053
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    References listed on IDEAS

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    1. Mr. Luca Errico & Ms. Mitra Farahbaksh, 1998. "Islamic Banking: Issues in Prudential Regulations and Supervision," IMF Working Papers 1998/030, International Monetary Fund.
    2. Mokhlis Zaki, 1995. "Forecasting the money multiplier and the control of money supply in Egypt," Journal of Development Studies, Taylor & Francis Journals, vol. 32(1), pages 97-111.
    3. Mohsin S. Khan & Abbas Mirakhor, 2009. "Monetary Management in an Islamic Economy الإدارة النقدية في اقتصاد إسلامي," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Issues in the International Financial Crisis from an Islamic Perspective-05 قضايا في الأزمة المالية الدولية من منظور إسلامي, edition 1, chapter 12, pages 209-232, King Abdulaziz University, Islamic Economics Institute..
    4. Benjamin M. Friedman, 1999. "The Future of Monetary Policy: The Central Bank as an Army with Only a Signal Corps?," International Finance, Wiley Blackwell, vol. 2(3), pages 321-338, November.
    5. Benjamin M. Friedman, 1999. "The Future of Monetary Policy: The Central Bank as an Army With Only a Signal Corps," NBER Working Papers 7420, National Bureau of Economic Research, Inc.
    6. repec:bla:intfin:v:2:y:1999:i:3:p:321-38 is not listed on IDEAS
    7. Benjamin M. Friedman, 1995. "Does Monetary Policy Affect Real Economic Activity?: Why Do We Still Ask This Question?," NBER Working Papers 5212, National Bureau of Economic Research, Inc.
    8. Stanley Fischer & Alan Gelb, 1991. "The Process of Socialist Economic Transformation," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 91-105, Fall.
    9. International Monetary Fund, 1989. "Islamic Banking: Experiences in the Islamic Republic of Iran and Pakistan," IMF Working Papers 1989/012, International Monetary Fund.
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    Citations

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    Cited by:

    1. Adam B. Elhiraika & Khalid Abu Ismail, 2004. "Financial Sector Policy and Poverty Reduction in Sudan," Working Papers 0411, Economic Research Forum, revised 05 Jun 2004.
    2. World Bank, 2003. "Sudan - Stabilization and Reconstruction : Country Economic Memorandum, Volume 1. Main Text," World Bank Publications - Reports 14622, The World Bank Group.
    3. Mahmoud Hamid Arabi Naeem & Khalafalla Ahmed Mohamed Arabi & Howida Adam El-Maeia, 2023. "Impact of Monetary Policy and its Transmission Mechanism in Sudan," Technium Social Sciences Journal, Technium Science, vol. 41(1), pages 97-129, March.
    4. Mr. Rodney Ramcharan, 2002. "Money, Meat, and Inflation: Using Price Data to Understand An Export Shock in Sudan," IMF Working Papers 2002/084, International Monetary Fund.
    5. Hossain, Akhand Akhtar, 2014. "Empirical relationships among money, output and consumer prices in nine Muslim-majority countries," Journal of Asian Economics, Elsevier, vol. 31, pages 42-56.
    6. Mr. Kenji Moriyama, 2008. "Investigating Inflation Dynamics in Sudan," IMF Working Papers 2008/189, International Monetary Fund.

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