Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Africa > South Sudan, Republic of

You are looking at 1 - 10 of 80 items for

  • Type: Journal Issue x
Clear All Modify Search
Cover IMF Staff Country Reports
Republic of South Sudan: Third Review Under the Staff-Monitored Program, Request for Disbursement Under the Rapid Credit Facility, and Program Monitoring with Board Involvement-Press Release; and Staff Report
International Monetary Fund. African Dept.
Dire and deteriorating humanitarian situation. About two-thirds of South Sudan’s population is experiencing severe food insecurity, the highest level since independence. This is a result of multiple compounding factors, including severe multi-year floods due to climate shocks, inter-communal violence in parts of the country, and the impact of Russia’s war in Ukraine that is contributing to high global food and fuel prices.
Keywords:
government operation; South Sudanese authorities; FSW disbursement; IMF team; authorities' effort; reform gain; customs administration reform; Oil; Government debt management; Debt sustainability analysis; Monetary base; Global; Southern Africa; East Africa
Cover IMF Staff Country Reports
Republic of South Sudan: 2022 Article IV Consultation And Second Review Under The Staff-Monitored Program
International Monetary Fund. African Dept. and International Monetary Fund. Strategy, Policy, & Review Department
South Sudan is a very fragile post-conflict state and one of the most vulnerable countries in the world to climate-driven disasters. The pandemic reversed the economic recovery that followed the 2018 peace agreement. The oil price shock from the pandemic resulted in a massive loss of revenue, causing the government to run up expenditure arrears and resume monetary financing. This led to sharp exchange rate depreciation and runaway inflation. The policies implemented under a Staff Monitored Program (SMP) that was approved in March 2021 and supported by two disbursements under the RCF (in November 2020 and March 2021) have helped restore macroeconomic stability and eliminate a long-standing system of multiple exchange rates. Higher oil prices have dampened the effects of floods on lower oil production and sustained international reserves in the face of a rising import bill. The sharp rise in global food prices risks is exacerbating the dire humanitarian situation in South Sudan, where 70 percent of the population suffers from acute food insecurity, at a time when aid budgets are being cut.
Keywords:
government obligation; auction rate; debt stock; government website; AFRITAC East; FX auction; Oil prices; Exchange rates; Debt sustainability analysis; Food prices; Oil; Global; East Africa; Africa; Southern Africa
Cover IMF Working Papers
Is Education Neglected in Natural Resources-Rich Countries? An Intergenerational Approach in Africa
Jean-Marc B. Atsebi, Rasmané Ouedraogo, and Regina S. Séri
The literature on the effects of natural resources on education is mixed and inconclusive. In this paper, we adopt an innovative approach by exploring the effects of mineral discoveries and productions on intergenerational educational mobility (IM), linking parents to the children education levels for more than 14 million individuals across 28 African countries and 2,890 districts. We find that mineral discoveries and productions positively affect educational IM for primary education in Africa for individuals exposed to the mineral sites and living in districts with discoveries. Specifically, the probability of upward primary IM increases by 2.7 percentage points (pp.) following mineral discoveries and 6.7 pp. following mineral productions. Downward primary IM decreases by 1.2 pp. following both mineral discoveries and productions. These positive effects are increasing for individuals born later after discoveries and productions, for males, and individuals living in the urban area. However, no significant effects are found for secondary and tertiary educational IM. Finally, we explore the income and returns to education channels through which mineral discoveries and productions affect educational IM.
Keywords:
Africa; Educational Intergenerational Mobility; Mineral Discoveries and Productions; Generalized Difference-in-differences; Natural Experiment; educational IM; mineral discovery; IM index; IM definition; stylized fact; Non-renewable resources; Mining sector; Natural resources; North Africa; East Africa; Southern Africa; Central Africa; upward mobility; mining production; tertiary IM
Cover IMF How To Notes
How to Build Cash Management Capacity in Fragile States and Low-Income Developing Countries
Sailendra Pattanayak, Racheeda Boukezia, Yasemin Hurcan, and Ramon Hurtado
Fiscal institutional capacity in most fragile states (FS) and several low-income developing countries (LIDCs) is much lower than in other countries. Governments in these countries face several cash management challenges because they often lack credible budgets, have smaller and less diversified revenue bases, have limited access to financial markets, and rely largely on donors to fund a large portion of their budgets. Available public funds in these countries often remain dispersed outside the control of the ministry of finance. In the absence of a good cash forecasting function, these countries typically resort to cash rationing to meet their priority spending needs, often in an ad hoc manner, which can adversely affect budget execution and achievement of fiscal policy targets. This note sets out the key objectives and building blocks of a cash management function in FS and LIDCs. It suggests several measures to progressively build cash management capacity in three interrelated areas: consolidating cash resources, forecasting cash flows, and managing cash balances with sound institutional setups.
Keywords:
cash management decision flow chart; factors inhibiting TSA reform; cash management function; Treasury committee; cash inflow; Government cash management; Government cash forecasting; Currencies; Fiscal accounting and reporting; Treasury Single Account; West Africa
Cover Policy Papers
Review Of Temporary Modifications To The Fund’s Access Limits In Response To The Covid-19 Pandemic
International Monetary Fund. Strategy, Policy, & Review Department