Sudan: Final Review Under the 2002 Staff-Monitored Program and the 2003 Program: Sudan; Final Review Under the 2002 Staff-Monitored Program and the 2003 Program

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 273

Publication date: September 2003

ISBN: 9781451833713

$20.00

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , regime , government , exchange regime , Sudanese authorities , investment incentive regime , government sector , policy implementation , international community , Oil , Oil prices , Southern Africa , East Africa

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Summary

Executive Directors commended Sudan's 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. The audit of the Sudan Petroleum Company (SPC) was completed, and netting operations by public enterprises and the private sector were abolished. The authorities' medium-term strategy aims at consolidating macroeconomic stability, sustaining economic growth, and reducing poverty.