Home | News    Monday 8 June 2020

Khartoum, IMF discuss launch of Staff-Monitored Program for Sudan


June 8, 2020 (KHARTOUM) - Sudan and the International Monetary Fund have launched discussions on a Staff-Monitored Program (SMP) agreement to monitor Khartoum’s economic plans and eventually to create opportunities for international financing and investment.

Sudanese Finance Minister Ibrahim al-Badawi speaks to AFP during an interview in Washington, DC, on October 22, 2019. (AFP)The SMP does not entail to financial assistance but it is a necessary step to open the door for negotiations on debt relief and budget support programmes.

The two sides held an SMP in 2014 but the IMF advised to reach an agreement on Sudan’s removal from the terror list first, besides some other measures particularly the large arrears which block financing from the Fund.

In a statement released in Khartoum, the ministry of economy said it began talks with the IMF following its request for a new SMP to help formulate and implement comprehensive reform after regime change in Sudan and the expected removal from the U.S. blacklist by the State Department.

"The negotiations are central to Sudan’s efforts to take control of its international obligations and are the first steps in clearing its financial arrears and achieving debt relief and access to grants from the International Development Association (IDA) program,". said the statement.

Sudan’s finance minister Ibrahim al-Badawi says he wants to carry out macroeconomic reforms to establish favourable conditions for sustainable growth in the country and to attract international investors as well as securing financing for major infrastructural and development projects.

Ibrahim al-Badawi, Sudan’s Minister of Finance and Economic Planning said that reengaging with the IMF Fund will allow Sudan to reclaim its rightful place.

“We have a long road ahead of us to undo the damage to our economy. However, this engagement is an initial step to open the door for direct budget support, which is needed to finance the major development projects related to peacebuilding, production, and job creation for Sudan’s youth," al-Badwi further said.

The negotiations through teleconference meetings are led by the Finance Ministry and include senior representatives from the Central Bank of Sudan, the Central Bureau of Statistics, as well as other relevant government officials.


Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

The following ads are provided by Google. SudanTribune has no authority on it.

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

Darfuris call for protection in vain 2021-01-21 06:45:46 By Mohamed Osman “It is the same as in the old days,” Adam Rojal, a coordinator in an internally displaced community in Sudan’s Darfur region told me recently, describing ongoing violence from (...)

Invisible female victims of armed militia attacks in Darfur 2021-01-08 15:19:56 By SIHA Network* On October 19th 2020, an armed group burned down the IDP camps of Oum Assal, Babanousa and Om Zegerat in Gerida locality. Gerida locality is composed of a number of villages (...)

Account Inventory for December Revolution in Sudan 2020-12-19 20:34:35 By Mahmoud A. Suleiman This article comes against the backdrop of Sudan's Third Revolution as some like to call it, two years later during which Much has been achieved but risks still remain, (...)


Latest Press Releases

Sudan: Performing arts is not a crime, assaulting women and artists is! 2020-09-20 08:54:28 The Strategic Initiative for Women in the Horn of Africa (SIHA) Sudan is still struggling with militant Islamist ideology KHARTOUM: Central Khartoum Primary Court issued a verdict against five (...)

Civil Society Statement in Response to The Law of Various Amendments 2020-08-14 07:11:00 A Collaborative Civil Society Statement in Response to The Law of Various Amendments (Abolishing and Amending Provisions Restricting Freedom) – Exposing ‘a wolf in sheep’s clothing’ Sudanese women (...)

Remarks by SRF leaders at the Friend of Sudan meeting on peace 2020-08-13 07:58:58 Chairman of the Friends of Sudan Conference, Your Excellency, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, The Prime Minister of Sudan and the participating team from the (...)


Copyright © 2003-2021 SudanTribune - All rights reserved.