![]() “The mission held discussions with the authorities on steps to address the This hasĬontributed to the continuing depreciation of the South Sudanese Pound,ĭespite increased reserves and a tight monetary policy followed by the As a result, the prices of fuel, medical goods, andĮssential food staples have spiked in the border areas. The spillovers from Sudan have also significantly affectedĬross border trade. Two-thirds of the South Sudanese population was experiencing severe food ![]() ![]() Thousands of South Sudanese refugees from Sudan is exacerbating anĪlready-dire humanitarian situation. Start of the fighting in Sudan in mid-April 2023. “Humanitarian and macroeconomic conditions have deteriorated since the Non-concessional debt by the central government. Workers, and the non-contracting and non-guaranteeing of new The authorities have also met theĮnd-March 2023 quantitative targets on international reserves, BoSS netĬredit to the government, the payment of salaries to central government Of reserve money has remained broadly unchanged since end-August 2022, Monetary financing of the budget since August 2022. Particular, the Bank of South Sudan (BoSS) has continued to refrain from Allīut one end-March 2023 quantitative targets under the PMB were met. “The authorities are implementing prudent fiscal and monetary policies. That was approved by IMF management in February 2023. Staff-Monitored Program with Board Involvement (PMB) The team held discussions with the authorities on the 9-month Niko Hobdari, visited South Sudan during May 3-12, 2023. Washington, DC: An International Monetary Fund (IMF) staff Agreement was reached on steps to take forward key governance and transparency reforms targeted under the PMB, and discussions will continue in the coming weeks on a FY2023/24 budget consistent with macroeconomic stability and debt sustainability, to allow for completion of the first PMB review.While the authorities are implementing prudent fiscal and monetary policies, South Sudan is experiencing spillovers from the conflict in Sudan, with the arrival of tens of thousands of refugees and significant disruptions to cross-border trade in food, medical goods, fuel, and critical oil-sector inputs.The South Sudanese authorities and IMF staff held discussions on the 9-month Staff-Monitored Program with Board Involvement (PMB) approved by IMF management in February 2023, with a view to establishing a track record towards a future IMF-supported financing program.This mission will not necessarily result in a Board discussion. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country.
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