Sudan: IMF Says Sudanese Economy Could Face Fiscal Gap on Oil Price Fallout

Jun 30, 2015 | Sudan Tribune
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The International Monetary Fund (IMF) warned that the Sudanese economy could be adversely impacted by the drop in worldwide oil prices and that inflation rate could surge upwards because of excess liquidity. “Remarkable progress has been made toward restoring macroeconomic stability and strengthening economic growth following the shock of South Sudan’s secession. In particular, fiscal consolidation and tight monetary policy helped reduce inflation below 20 percent in May 2015, narrow the external deficit, and support growth at about 3.7 percent in 2014,” a visiting IMF delegation said in a statement released on Monday.