World Bank2012-03-192012-03-192009-12-01https://hdl.handle.net/10986/3169Sudan is in the 10th year of its longest and strongest growth episode since independence, benefiting from the advent of oil in 1999. This report proposes a growth strategy for Sudan that reduces its dependence on oil, while building an economic foundation for a diversified, inclusive and sustainable growth path. Specifically, Sudan's near term strategy should focus on: a) developing and maintaining the necessary enabling environment for growth, specifically macroeconomic stability and effective fiscal management (chapter one); b) implementing policies aimed at improving the investment climate and broadening private sector-led growth (chapters two and five); c) increasing returns to the agriculture sector as the highest potential engine of growth and poverty reduction over the medium-term (chapter four); d) developing a comprehensive reconstruction plan for the South (chapter six); and e) complementing technocratic reforms with good governance. Sudan needs a new, more balanced growth vision that is less reliant on oil, while using the oil wealth to create an economic foundation for a diversified, inclusive, and sustainable growth path.CC BY 3.0 IGOADVERSE IMPACTAGGREGATE DEMANDAGRICULTURAL CREDITAGRICULTUREBANK ASSETSBANK CREDITBANKING SECTORBANKING SECTORSBANKING SYSTEMBENCHMARKBUDGET SURPLUSESBUSINESS CYCLECAPITAL FLIGHTCENTRAL BANKCOMMODITY PRICECOMMODITY PRICESCOMPARATIVE ADVANTAGECOMPARATIVE ADVANTAGESCONSUMER GOODSCONTINUOUS MONITORINGCONTRACTUAL OBLIGATIONSCONVENTIONAL BANKINGCREDIT MARKETCREDITORSCROWDING OUTCURRENT ACCOUNT DEFICITSDEBTDECENTRALIZATIONDEPOSITSDEVALUATIONSDEVELOPED COUNTRIESDEVELOPING COUNTRIESDEVELOPMENT BANKDEVELOPMENT PROJECTSDIVISION OF LABORDOMESTIC ARREARSDOMESTIC BORROWINGDOMESTIC CONSUMPTIONDOMESTIC CURRENCYDOMESTIC MARKETECONOMIC ACTIVITYECONOMIC CHANGEECONOMIC CONCENTRATIONECONOMIC CONSTRAINTSECONOMIC FACTORSECONOMIC GROWTHECONOMIC INTEGRATIONECONOMIC PERFORMANCEECONOMIC POLICYECONOMIC RESEARCHECONOMIC STRUCTUREECONOMIC TRANSACTIONSELECTRICITY GENERATIONENABLING ENVIRONMENTENTRY BARRIERENVIRONMENTALENVIRONMENTSEQUILIBRIUMEXCESS DEMANDEXCHANGE RATEEXCHANGE RATE MOVEMENTSEXCHANGE RATESEXPENDITUREEXPENDITURESEXPLOITATIONEXPORT COMPETITIVENESSEXPORT GROWTHEXPORT PERFORMANCEEXPORTERSEXPORTSEXTERNAL DEBTFARMSFEDERAL BUDGETFINANCE CONSTRAINTFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL SECTORFINANCIAL SYSTEMSFISCAL DEFICITSFISCAL DISCIPLINEFISCAL POLICIESFISCAL POLICYFISHERIESFORECASTSFOREIGN CAPITALFOREIGN CURRENCYFOREIGN CURRENCY LOANSFOREIGN DEBTFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETFOREIGN EXCHANGE RESERVESFORESTRYGDPGDP PER CAPITAGLOBAL ECONOMYGOVERNANCE ISSUESGOVERNMENT EXPENDITUREGOVERNMENT EXPENDITURESGOVERNMENT INVESTMENTGOVERNMENT INVOLVEMENTGOVERNMENT REVENUEGOVERNMENT SPENDINGGROSS NATIONAL PRODUCTGROWTH POTENTIALGROWTH RATEHOLDINGHOST COUNTRIESIMBALANCEIMPORTIMPORTSINCOME LEVELSINCREASING RETURNSINEFFICIENCYINFLATIONINFLATION RATEINFLATIONARY PRESSURESINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTSINSTITUTIONAL CAPACITIESINTERMEDIATE INPUTSINTERNATIONAL DEVELOPMENTINTERNATIONAL TRADEINVENTORYINVESTINGINVESTMENT CLIMATEINVESTMENT PROJECTSISLAMIC BANKINGISLAMIC BANKSISSUANCELAND POLICYLAND USELEGAL FRAMEWORKSLEGISLATIVE FRAMEWORKLEVEL PLAYING FIELDLIQUIDITYLIQUIDITY PROBLEMSLIVING STANDARDLOCAL CURRENCYLOCAL SECURITYLONG-TERM INVESTMENTSMACROECONOMIC ADJUSTMENTMACROECONOMIC MANAGEMENTMACROECONOMIC PERFORMANCEMACROECONOMIC POLICIESMACROECONOMIC STABILITYMACROECONOMIC VARIABLESMACROECONOMIC VOLATILITYMARKET INFORMATIONMARKET INTEGRATIONMICROFINANCEMONETARY POLICIESMONOPOLIESNATIONAL ECONOMYNATURAL RESOURCENATURAL RESOURCESNON-PERFORMING LOANSOILOIL BOOMOIL BOOMSOIL EXPORTERSOIL PRICEOIL PRICESOIL RESERVEOIL RESERVESOIL REVENUEOIL REVENUESOIL SECTORPER CAPITA INCOMEPERMANENT INCOMEPOLICY ENVIRONMENTPOLICY INSTRUMENTSPOLICY MAKERSPOLITICAL ECONOMYPOLITICAL RISKSPOLITICAL STABILITYPOLITICAL UNCERTAINTYPORTFOLIOPORTFOLIO INFLOWSPOVERTY REDUCTIONPRICE VOLATILITYPRIVATE CONSUMPTIONPRIVATE CREDITPRIVATE INVESTMENTPRIVATE SECTOR CREDITPRODUCTION INPUTSPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC SPENDINGRAPID GROWTHREAL EXCHANGE RATEREAL GDPREFERENDUMREMITTANCESRESOURCE MANAGEMENTRETURNRETURNSRISK PREMIUMRURAL FINANCESUBSTITUTION EFFECTSUSTAINABLE GROWTHTAXATIONTELECOMMUNICATIONSTERMS OF TRADETOTAL FACTOR PRODUCTIVITYTOTAL FACTOR PRODUCTIVITY GROWTHTOTAL OUTPUTTRADINGTRANSACTIONTRANSACTION COSTSTRANSPARENCYVALUE ADDEDWAGESWEALTHWEALTH EFFECTWORLD ECONOMYWorld Bank10.1596/3169