[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110037-en":3,"doc-seo-110037-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},110037,7971461741311,"Ophelia","https://ap-avatar.wpscdn.com/avatar/74000253aff267980c6?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779345379180704826",8,"Research & Report","Sudan - Joint World Bank-IMF Debt Sustainability Analysis - February 2020","Joint World Bank and IMF analysis concludes that Sudan remains in external debt distress. External and public debt ratios stay high, and most external debt is in arrears. Under the baseline scenario, external debt indicators breach indicative thresholds and remain above them across the forecast horizon, indicating external debt unsustainability. The report highlights key constraints, including weak adjustment after the 2011 secession, macro imbalances, arrears and sanctions, and the need for sound policies and continued debt relief support.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL DEVELOPMENT ASSOCIATION  \nINTERNATIONAL MONETARY FUND  \nSUDAN  \nJoint World Bank-IMF Debt Sustainability Analysis  \nFebruary 2020  \nPrepared jointly by the staffs ofthe International Development Association (IDA)  \nand the International Monetary Fund (IMF)  \nApproved by Marcello Estevão (IDA) and Juha Kähkönen (IMF)  \n\n| Sudan: Joint Bank-Fund Debt Sustainability Analysis |  |\n| --- | --- |\n| Risk of external debt distress | In debt distress |\n| Overall risk of debt distress | In debt distress |\n| Granularity in the risk rating | Debt is unsustainable |\n| Application of judgment | No |\n\nThis debt sustainability analysis (DSA) confirms that Sudan continues to be in debt distress. Both public and external debt ratios remain high, and the bulk of external debt is in arrears. Consistent with the results of past DSAs, Sudan’s external debt is assessed to be unsustainable. All external debt indicators breach their indicative thresholds under the baseline scenario, and stay above the thresholds throughout the time horizon of the analysis.It is therefore critical for Sudan to undertake sound economic policies, including a prudent borrowing strategy, and to continue garnering support for debt relief.  \nBACKGROUND AND RECENT DEVELOPMENTS  \n1. Sudan’s economy has never fully adjusted to the secession of South Sudan in 2011, which resulted in a sharp decline in its oil exports and fiscal revenues. Sudan lost about 75 percent of oil production, 66 percent of exports, and half of fiscal revenues after the secession. 1 Despite the U.S. revocation of commercial sanctions in October 2017, Sudan remains on the U.S. list of state sponsors of terrorism,(SSTL), which hinders external investment, progress toward HIPC debt relief and the clearance of large arrears, including to the Fund and the World Bank. The economy is shrinking, fiscal and external imbalances are large, inflation is high, the currency is overvalued, and competitiveness is weak. The humanitarian situation is dire with large numbers of internally displaced people and refugees. The new civilian-led government have shown willingness to reform and stabilize the shrinking economy and re-engage Sudan with the international community, but the social situation remains fragile.  \n2. Economic performance deteriorated in 2019. The economy contracted by 2.5 percent in 2019 after contracting by 2.2 percent in 2018. Inflation rose significantly after currency devaluation and reached 73 percent in end-2018. Following a decline in January 2019 due to base effects, inflation has continued to rise, reaching 60 percent in November 2019, reflecting loose fiscal and monetary policies and exchange rate depreciation. The fiscal deficit continued widening in 2019 to 10.8 percent of GDP, mainly financed through monetization. 2 The external current account deficit (cash basis) remained large at 7.8 percent of GDP in 2019. International reserves however increased to $1.4 billion (2 months of imports) in October 2019 due to support from Gulf countries.  \n3. Prospects for debt relief. Sudan has yet to meet all the requirements for reaching the decision point and qualify for HIPC debt relief. The normalization of relations with external creditors, including multilateral institutions and bilateral creditors, is a key precondition for debt relief. The Sudanese authorities have requested a Staff Monitored Program (SMP) with the IMF which would be contingent on the finalization of theauthorities’reform package and on sufficient external financing assurances from donors. Outreach to the donor community to raise the needed funds has intensified ashasthe dialogue with creditors to garner support for debt relief. In addition, given the significant debt statistic gaps, IFIs and private sector representatives are working with the authorities to reconcile external debt data.  \n1 Sudan and South Sudan also reached the so-called “zero option” agreeme","cbCaioQHKjPLY5YE","https://ap.wps.com/l/cbCaioQHKjPLY5YE","pdf",394250,1,17,"English","en",105,"# Background and Recent Developments\n## Economic Adjustment and Constraints\n## Economic Performance in 2018–2019\n## Prospects for Debt Relief\n# Structure of Debt\n## Data Quality and Coverage\n## Debt Reporting and Information Gaps\n## Financing Instruments and Coverage Limits","[{\"question\":\"What is the main conclusion of the Sudan joint World Bank-IMF debt sustainability analysis?\",\"answer\":\"Sudan continues to be in external debt distress, and its external debt is assessed as unsustainable under the baseline scenario.\"},{\"question\":\"Which factors are identified as hindering Sudan’s progress toward debt relief?\",\"answer\":\"Normalization with external creditors and meeting HIPC decision-point requirements are described as key preconditions, while sanctions-related barriers and large arrears limit external investment and clearance progress.\"},{\"question\":\"How does the report characterize the quality and coverage of Sudan’s debt data?\",\"answer\":\"Debt data quality remains limited, with historical data compiled from authorities and reconciliation exercises, and reporting inconsistencies and information gaps affecting terms and breakdowns.\"}]","Sudan - Joint World Bank-IMF Debt Sustainability Analysis - February 2020 | PDF",1784483592,43,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":28},"sudan-joint-world-bank-imf-debt-sustainability-analysis-february-2020","",{"@graph":36,"@context":86},[37,54,69],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":53},"https://docshare.wps.com/document/sudan-joint-world-bank-imf-debt-sustainability-analysis-february-2020/110037/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":23,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":41,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-31","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What is the main conclusion of the Sudan joint World Bank-IMF debt sustainability analysis?","Question",{"text":76,"@type":77},"Sudan continues to be in external debt distress, and its external debt is assessed as unsustainable under the baseline scenario.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"Which factors are identified as hindering Sudan’s progress toward debt relief?",{"text":81,"@type":77},"Normalization with external creditors and meeting HIPC decision-point requirements are described as key preconditions, while sanctions-related barriers and large arrears limit external investment and clearance progress.",{"name":83,"@type":74,"acceptedAnswer":84},"How does the report characterize the quality and coverage of Sudan’s debt data?",{"text":85,"@type":77},"Debt data quality remains limited, with historical data compiled from authorities and reconciliation exercises, and reporting inconsistencies and information gaps affecting terms and breakdowns.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":20,"doc_module":4,"doc_module_name":46,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":46,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":46,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":46,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":46,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":46,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":46,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":46,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]