Details

Series

• IMF Staff Country Reports; Country Report ; No. 2017/365 [More in this series]
• IMF Staff Country Reports

Summary note

This paper explains that in Sudan, the public information campaign should be launched as early as possible following a decision to phase out subsidies. This campaign should comprise wide-ranging consultations with all stakeholders, and should inform the public about the high costs and unequal distribution of the subsidy benefits. Cash transfers could be used to mitigate the impact of fuel subsidy removal on the lowest income groups. In the case of the removal of subsidies on fuel products, it is estimated that the cost of compensating the lowest income groups could be achieved at a cost of less than 1 percent of GDP a year. Two decades of economic sanctions led to the exit of most Correspondent Banking Relationships (CBRs) from Sudan, and weighed heavily on trade, investment, growth, and humanitarian relief. In 2017, the United States revoked trade and financial sanctions, while sanctions imposed by the UN, and other countries, including the EU, remain applicable.

Source of description

Description based on publisher supplied metadata and other sources.

Contents

• Cover
• CONTENTS
• CONSUMER SUBSIDIES
• FIGURE
• 1. Distribution of Fuel Subsidy by Income Quintile
• TABLE
• 1. Fiscal Cost of Consumer Subsidies (2016-17)
• References
• CHALLENGES FACING CORRESPONDENT BANKING WITH SUDAN
• A. The Roll Back of Economic Sanctions against Sudan
• B. Prospects for Re-connecting Sudanese Banks with the International Financial System
• C. Possible Remedial Measures for a Balanced Recovery of CBRS in Sudan
• BOX
• 1. Economic Sanctions Against Sudan
• FIGURES
• 1. Surveys in CBRS
• 2. LCs Positions in Foreign Currency
• 3. CBRS by Country
• 4. CBRS per Currency
• REVISION OF GDP DATA FOR STAFF ANALYSIS
• A. Introduction
• B. Compiling Revised Estimates of Expenditure-Side GDP data
• C. Projections for 2017-22
• D. Conclusion
• References.

Show 22 more Contents items

ISBN

• 1-4843-3172-9
• 1-4843-3174-5

OCLC

1020032536

Statement on language in description

Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage. Read more...