Publication:
Sudan Economic Update: Missed Opportunities Amidst Deepening Fragility

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-10-10T20:10:50Z
dc.date.available2023-10-10T20:10:50Z
dc.date.issued2023-10-10
dc.description.abstractOil windfalls during the 2000s were largely squandered, with Sudan failing to build the foundations of a non-oil economy. As part of the sanctions, the country was designated as a state sponsor of terrorism (SST), which restricted foreign assistance and debt reduction, resulted in isolation from the global financial system, and banned military exports. Reforms were prioritized to address weaknesses in the public financial management (PFM) system, contain excessive spending, and stabilize the exchange rate, paving the way for heavily indebted poor country (HIPC) debt relief. A system of multiple exchange rates and an informal parallel market contributed to macroeconomic instability. In addition, reforms were initiated to strengthen and eventually scale up the social protection system. With the recent conflict, the situation has become even more dire, highlighting the urgent need to quickly resolve the conflict, return to political stability, and resume critical reforms needed to get the country back on track to building the foundations for inclusive and resilient growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/099540409212319137/IDU0f37ed18102619046f80a9740379de7348107
dc.identifier.doi10.1596/40450
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40450
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectRECENT ECONOMIC DEVELOPMENTS
dc.subjectECONOMIC OUTLOOK
dc.subjectFORECAST
dc.subjectMILITARY TAKEOVER
dc.subjectARMED CONFLICT
dc.titleSudan Economic Updateen
dc.title.subtitleMissed Opportunities Amidst Deepening Fragilityen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleSudan Economic Update: Missed Opportunities Amidst Deepening Fragility
okr.date.disclosure2023-09-21
okr.date.lastmodified2023-09-28T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099540409212319137/IDU0f37ed18102619046f80a9740379de7348107
okr.guid099540409212319137
okr.identifier.docmidIDU-f37ed181-2619-46f8-a974-379de7348107
okr.identifier.doihttp://dx.doi.org/10.1596/40450
okr.identifier.externaldocumentum34165778
okr.identifier.internaldocumentum34165778
okr.identifier.report184961
okr.import.id1976
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099540409212319137/pdf/IDU0f37ed18102619046f80a9740379de7348107.pdfen
okr.region.administrativeAfrica
okr.region.countrySudan
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicConflict and Development::Armed Conflict
okr.topicConflict and Development::Conflict and Fragile States
okr.unitEFI-AFR1-MTI-MacroFiscal-2 (EAEM2)
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