Search Results

You are looking at 1 - 10 of 42 items for :

  • "government of Southern Sudan" x
Clear All
International Monetary Fund

. My authorities have supported diversification by increasing government financing to the agricultural sector through the Green Mobilization Program (2008-2011) whose key objective it to revitalize the agricultural sector. They are also committed to addressing key factors in creating an enabling business environment, weak market institutions, inadequate infrastructure and cumbersome administrative barriers. The government of Southern Sudan (GOSS) is also prioritizing development of governance institutions and structures and, to that end, is in need of substantial

International Monetary Fund

their future status - that is unity with or independence from the North. The CPA consisted of six agreements, including arrangements for sharing power and revenue from oil and jurisdiction over the collection and sharing of types of taxes and duties during the interim period. According to these arrangements, the Government of Southern Sudan (GoSS) is allocated, during the interim period, half of the net revenue from oil produced in the South and is granted representation at the federal level in the Government of National Unity (GoNU). The CPA also calls for a separate

International Monetary Fund
Economic growth is estimated to have moderated further in 2010 to about 5 percent, reflecting slower growth in both the oil and non-oil sectors. The overall commitment fiscal deficit for 2010 is now estimated at 2.7 percent of GDP, about 0.6 percentage point of GDP below the program target. Monetary policy was expansionary in the first half of 2010, but was subsequently tightened. The current account deficit narrowed during the first three quarters of 2010 largely driven by an increase in oil exports.
International Monetary Fund

Economic growth is estimated to have moderated further in 2010 to about 5 percent, reflecting slower growth in both the oil and non-oil sectors. The overall commitment fiscal deficit for 2010 is now estimated at 2.7 percent of GDP, about 0.6 percentage point of GDP below the program target. Monetary policy was expansionary in the first half of 2010, but was subsequently tightened. The current account deficit narrowed during the first three quarters of 2010 largely driven by an increase in oil exports.

International Monetary Fund

a continuation of the reform effort. Critical actions going forward are as follows: Adhere to fiscal spending and reserve money targets in an environment of exchange rate flexibility to keep inflation in check. Introduce a new national currency to foster financial development in the South and economic integration. Ensure close coordination between the government of Southern Sudan, the other states, and the central government to harmonize spending and preserve macroeconomic stability. Initiate fiscal reporting according to Government Finance

International Monetary Fund

fuel subsidies should be reduced. At the same time, the oil saving account will continue to play an important role in providing self-insurance against an oil price shock. Lastly, monetary policy should continue to focus on controlling reserve money growth and allowing for further flexibility in the pricing of securities and foreign exchange. The authorities are also encouraged to concentrate their efforts on improving oil sector transparency, conducting a public expenditure review, building capacity and accountability in the states (including the government of

International Monetary Fund

On May 3, 2006, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Sudan. 1 Background Despite some delays, the implementation of the Comprehensive Peace Agreement with the South began in 2005. An interim national constitution was put into force, the Government of National Unity and the government of Southern Sudan were set up, and the central government began transferring oil revenues to the South as stipulated in the peace agreement. Further work is required, especially to make operational the

International Monetary Fund

into force and the Government of National Unity and the government of Southern Sudan were set up in mid-2005. 4 The central government has begun transferring oil revenues to the South as stipulated in the CPA, although the exact amounts due are still under discussion. 5 Furthermore, important commissions dealing with North-South borders, the oil sector, and financial aspects of fiscal federalism are not yet functioning effectively. 9. Progress has been made at the Darfur peace talks in Abuja, but the situation on the ground remains precarious . There has been

International Monetary Fund
Sudan’s 2006 Article IV Consultation reports that growth has been robust, inflation has been kept at a single-digit level, and important reforms have been undertaken. There has been progress with financial sector reforms and trade liberalization, and the managed floating exchange rate regime has been working well. Despite an increase in oil revenues, the fiscal space of the central government will be constrained because of the transfers required by the peace agreement and decentralization.