Sudan: Midyear Review of the 2004 Staff-Monitored Program

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 184

Publication date: June 2005

ISBN: 9781451833751

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Money and Monetary Policy , Taxation - General , ISCR , CR , government , exchange rate , debt service , cash basis , current account , monetary policy , oil revenue , fund staff estimate , Monetary base , Currencies , Oil , gas and mining taxes

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Summary

This paper presents the midyear review of the 2004 Staff-Monitored Program (SMP) for Sudan. Policy performance in the first half of 2004 was broadly in line with the program. All quantitative benchmarks and most structural benchmarks were met. Real GDP growth has been stronger than anticipated under the program, but inflation pressures are rising. The current account deficit (cash basis) was 1½ percent of GDP, better than programmed, owing to a broad-based rise in exports and high private transfers.