IMF Visit

In late June, the IMF published its assessment of the Sudanese economy, following staff visits over H109. Meetings were held with the finance ministry, the central bank, representatives of the donor community and the private sector. The IMF concluded that Sudan has been hit hard by the global crisis, mostly through a sharp decline in oil revenues. Foreign reserve levels were highlighted as a key area of concern, given their sharp decline. In February 2009 (the latest data available), reserves (minus gold) fell by 55.4% y-o-y to just US$692mn (less than one month of import cover).

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