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International Monetary Fund. Middle East and Central Asia Dept.

, inadequate procurement procedures or off-budget financing, and lack of check and balances mechanisms ( IMF 2016 ). In this respect, the large Sudanese parastatal SOE system appears particularly vulnerable to inefficiencies and abuses due to its opacity and preferential allocation of contracts. The General Auditor chamber has been very active in signaling these shortcomings with very little traction until now. The new government committed to engage in a far-reaching set of reforms and the IMF diagnostic governance mission tabled for the first half of 2020 should be of great

International Monetary Fund. Middle East and Central Asia Dept.
This Selected Issues paper on Sudan provides a first stock-taking of the scale, main transmission channels and potential costs of poor governance and corruption in Sudan and offers preliminary recommendations. A large body of literature and country analyses confirm that weak governance and corruption undermine economic growth, amplify income inequality and erode public trust in the institutions. According to international agencies and existing literature, Sudan has scored very poorly on compliance with rule of law best practices in the past. Effective implementation of preventive measures is important; particularly in relation to politically exposed persons. Transparency on beneficial ownership of legal persons and arrangements to prevent their misuse for laundering the proceeds of corruption are necessary. Transparency, accountability, and comprehensive communication should be the backbone of governance and anti-corruption reforms in each sector. Rationalizing tax exemptions and phasing out tax holidays would strengthen governance while boosting fiscal revenues.
International Monetary Fund

. Governance reforms are a key element of the government’s strategy to promote economic growth and reduce poverty. The Fund’s PRGF supports a deepening of anticorruption measures. The Bank and the IMF coordinate closely on approach to governance matters in Kenya. They jointly participate in the anticorruption donor group, which is monitoring the implementation of the government’s anticorruption action plan. IMF staff also participated in the Governance Missions in June/July 2006 and February 2007. 25. Financial sector reforms . The IMF and Bank are collaborating on

International Monetary Fund

sovereign debt management and domestic debt market development. Governance reforms . Governance reforms are a key element of the government’s strategy to promote economic growth and reduce poverty. The Fund’s PRGF supports a deepening of anticorruption measures. The Bank and the IMF coordinate closely on approach to governance matters in Kenya. They jointly participate in the anticorruption donor group, which is monitoring the implementation of the government’s anticorruption action plan. IMF staff also participated in the Governance Missions in June/July 2006 and

International Monetary Fund. Fiscal Affairs Dept.

not have a website to provide information to civil society, the media, and others who perform oversight roles. 68. The Internal Audit Directorate reportedly lacks knowledge, material conditions, and support . There is a new team that composed of technicians who did not receive training. Although the activities reports for previous years had been requested, they were not provided to the governance mission. According to information from officials, the previous internal audit team lacked knowledge and training. The 2019 internal audit plan was not delivered to the

International Monetary Fund. Middle East and Central Asia Dept.

. Review of the AML/CFT Law End of April-Meeting with the Libyan authorities in Sudan on the margin of a regional Plenary 2. Building Capacity of the Financial Intelligence Unit and AML/CFT Supervision at the CBL Mission planned May 2013 Mission planned November 2013 Mission planned April 2014 Fiscal Rule HQ Review MCM Libyan Investment Authority governance Mission November–December 2011 Central bank CAP Mission March 2013 Banking legislation Mission planned 2013 Banking supervision