South Sudan is a very fragile post-conflict country, and one of the most vulnerable in the world to climate change effects. The spillovers from the fighting in Sudan have exacerbated an already dire humanitarian situation. Two-thirds of South Sudan’s population was exposed to acute food insecurity prior to the outbreak of the conflict in Sudan and the situation has worsened due to a large and growing number of refugees, and a sharp increase in fuel and food prices in the border areas with Sudan driven by trade disruptions. The Sudan war has also delayed the needed repair of the pipeline that transports South Sudan’s crude oil to international markets through Sudan. As a result, oil exports have since mid-February 2024 collapsed to about one-third of their previous level. This has increased significantly the fiscal financing and balance of payments gaps given that oil exports account for nearly 90 percent of fiscal revenues and 95 percent of exports. National elections, the first-ever since South Sudan’s independence in 2011, are scheduled for December 2024. However, due to delays in and operationalizing key election-related institutions development partners have expressed skepticism that free and fair elections will be feasible by the envisaged date.
- Format
- Paper
- Frequency
- regular
- ISBN
- 9798400279096
- ISSN
- 1934-7685
- Pages
- 108
- Published in
- United States of America
- Series
- Country Report No. 2024/160
- StockNumber
- 1SSDEA2024001
Table of Contents
- South Sudan - 2024 - Press Release Board - Art. IV 1st and 2nd Reviews SMP - to COM (Final) 2
- FOR IMMEDIATE RELEASE 2
- South Sudan - Staff Report for the 2023 Article IV Consultation and First and Second Reviews 6
- CONTEXT 10
- RECENT ECONOMIC DEVELOPMENTS 10
- OUTLOOK AND RISKS 13
- POLICY DISCUSSIONS 15
- A. Fiscal Policy 15
- B. Monetary and Financial Sector Policy 22
- C. Strengthening Governance and Transparency 24
- D. Capacity Development and Emerging Priorities 26
- E. Data for Surveillance 26
- pmb extension and outlook for future imf engagement 27
- STAFF APPRAISAL 28
- A. Evolution of Food Insecurity 38
- B. Climate Shocks and Food Insecurity 39
- A. Context 62
- B. CD Priorities 63
- C. CD Risks and Modality 66
- D. Priorities by IMF Department 66
- Box 1. Republic of South Sudan: Local Projections and PPP Exchange Rate 47
- South Sudan - Informational Annex - 2023 Article IV Consultation 78
- RELATIONS WITH the fund 79
- RELATIONS with other international financial institutions 82
- STATISTICAL ISSUES 83
- South Sudan - DSA - for 2023 Article IV Consultation 86
- REPUBLIC OF SOUTH SUDAN 86
- BACKGROUND 87
- Underlying Assumptions 89
- Country Classification and Determination of Stress Tests 91
- External Debt Sustainability Analysis 93
- Public Debt Sustainability Analysis 93
- Risk Rating and Vulnerabilities 94
- Authorities’ views 95
- BUFFED2467 (1) -1
- Bundle - BUFFED2467.pdf -1
- Statement by Mr. Willie Nakunyada and Mr. Morekwa Esman Nyamongo -1
- on Republic of South Sudan Executive Board Meeting -1
- Performance Under the PMB -1
- Data for Surveillance and Capacity Development -1
- Structural and Governance Reforms -1
- Conclusion -1
- ADPBB65.tmp -1
- Statement by Mr. Willie Nakunyada and Mr. Morekwa Esman Nyamongo 104
- on Republic of South Sudan Executive Board Meeting 104
- Performance Under the PMB 104
- Data for Surveillance and Capacity Development 107
- Structural and Governance Reforms 107
- Conclusion 108
