Jan 062013

IMF Reports for Sudan 2012

Press Release: Statement at the Conclusion of an IMF Mission to Sudan http://www.imf.org/external/np/sec/pr/2012/pr12274.htm

Transcript of a Press Briefing by David Hawley, Deputy Director, External Relations Department, International Monetary Fund  http://www.imf.org/external/np/tr/2012/tr072612.htm

IMF Policy Paper: Eligibility to Use the Fund’s Facilities for Concessional Financing – Republic of South Sudan

Summary: Having become a Fund member in April 2012, South Sudan can now be considered for PRGT eligibility. In February 2012, the Executive Board reviewed the framework for eligibility to use the Fund’s concessional financing facilities and the list of PRGT-eligible countries. During that review, Directors agreed to maintain the PRGT eligibility framework with a modification of the population threshold used to define small countries. Directors also decided to keep the list of PRGT-eligible countries unchanged. Under the framework to assess PRGT eligibility, decisions on entry onto the list of PRGT-eligible countries can be adopted in the period between reviews. As noted in the staff paper for the 2012 review of PRGT eligibility, given the available data, it was expected that South Sudan would be proposed for entry onto the PRGT-eligibility list after it had joined the Fund. Accordingly, this paper proposes that South Sudan now be added to the list of PRGT-eligible countries. http://www.imf.org/external/pp/longres.aspx?id=4682

Press Release: IMF Executive Board Deems South Sudan Eligible for Concessional Lending http://www.imf.org/external/np/sec/pr/2012/pr12298.htm

IMF Policy Paper: Review of the Fund’s Strategy on Overdue Financial Obligations Summary: This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations. The level and structure of arrears to the Fund has remained broadly unchanged since the last review. Total arrears to the Fund at end-June 2012 amounted to SDR 1,302.3 million, a decline of SDR 1.6 million from the end-June 2011 level. While payments to the Fund by Sudan and Zimbabwe exceeded new obligations falling due, Somalia’s arrears increased further. All overdue obligations to the Fund at end-June 2012 were due to the protracted arrears cases. Three members remain in protracted arrears to the Fund—Somalia, Sudan, and Zimbabwe. Sudan accounted for the bulk of the arrears to the Fund (76 percent). http://www.imf.org/external/pp/longres.aspx?id=4685

Transcript of a Press Briefing by Gerry Rice, Director, External Relations Department, International Monetary Fund  http://www.imf.org/external/np/tr/2012/tr100412.htm

Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with Sudan http://www.imf.org/external/np/sec/pn/2012/pn12114.htm

Country Report No. 12/298: Sudan: Staff Report for the 2012 Article IV Consultation http://www.imf.org/external/pubs/cat/longres.aspx?sk=40081.0

Country Report No. 12/299: Sudan: Selected Issues Paper http://www.imf.org/external/pubs/cat/longres.aspx?sk=40082.0

All info collated from imf.org From Wikipedia:

The Republic of the Sudan and sometimes called North Sudan,is an Arab state in North Africa bordered by Egypt to the north, the Red Sea to the northeast, Eritrea and Ethiopia to the east, South Sudan to the south, the Central African Republic to the southwest, Chad to the west and Libyato the northwest. Internally, the Nile divides the country into eastern and western halves. The population of Sudan is a combination of indigenous inhabitants of the Nile Valley and descendants of migrants from the Arabian Peninsula. Arabisation has made Arab culture the norm and the overwhelming majority of the population today adheres to Islam. As a consequence, Sudan is also often considered to be part of theMiddle East. The people of Sudan have a long history extending from antiquity which is intertwined with the history of Egypt. Sudan suffered seventeen years of civil war during the First Sudanese Civil War (1955–1972) followed by ethnic, religious and economic conflicts between the Muslim Arabs of Northern Sudan and the mostly animist and Christian Nilotes of Southern Sudan. This led to the Second Sudanese Civil War in 1983. Because of continuing political and military struggles, Sudan was seized in a bloodless coup d’état by colonel Omar al-Bashir in 1989, who thereafter proclaimed himself President of Sudan. The civil war ended with the signing of a Comprehensive Peace Agreement which grantedautonomy to what was then the southern region of the country. Following a referendum held in January 2011, South Sudan seceded on 9 July 2011 with the consent of Sudan. A member of the United Nations, Sudan also maintains membership with the African Union, the Arab League, the Organisation of Islamic Cooperation, and the Non-Aligned Movement, as well as serving as an observer in the World Trade Organization. Its capital is Khartoum, which serves as the political, cultural and commercial centre of the nation. Officially a federal presidential representative democratic republic, thepolitics of Sudan are widely considered by the international community to take place within an authoritarian system due to the control of the National Congress Party (NCP) of the judiciary, executive and legislative branches of government.

Suggested Books

For thirty years Sudan has been a country in crisis, wracked by near-constant warfare between the north and the south. But on July 9, 2011, South Sudan became an independent nation. As Sudan once again finds itself the focus of international attention, former special envoy to Sudan and director of USAID Andrew Natsios provides a timely introduction to the country at this pivotal moment in its history.

In this fascinating and immensely readable book, the Africa editor of the Economist gives an absorbing account of Sudan’s descent into failure and what some have called genocide.

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