Sudan Debt Management Performance Assessment

Sudan Debt Management Performance Assessment

The Republic of Sudan is the third largest country in Africa, following the July 2011 secession of South Sudan, with an area of 1.8 million square kilometers and a population of 33.4 million, half of which live in urban areas. It is strategically l...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
PUBLIC DEBT
DEBT SUSTAINABILITY
DEBT SERVICE
DOMESTIC DEBT
DEBT MANAGEMENT
AUDIT
FISCAL POLICY
MONETARY POLICY
EXTERNAL BORROWING
LOAN GUARANTEES
DEBT REPORTING
Online Access:http://documents.worldbank.org/curated/en/815881592945197966/Sudan-Debt-Management-Performance-Assessment-Tool-DeMPA
http://hdl.handle.net/10986/33978
id okr-10986-33978
recordtype oai_dc
spelling okr-10986-339782021-04-23T14:01:58Z Sudan Debt Management Performance Assessment World Bank PUBLIC DEBT DEBT SUSTAINABILITY DEBT SERVICE DOMESTIC DEBT DEBT MANAGEMENT AUDIT FISCAL POLICY MONETARY POLICY EXTERNAL BORROWING LOAN GUARANTEES DEBT REPORTING The Republic of Sudan is the third largest country in Africa, following the July 2011 secession of South Sudan, with an area of 1.8 million square kilometers and a population of 33.4 million, half of which live in urban areas. It is strategically located between Sub-Saharan Africa and the Middle East, with direct borders with Central African Republic, Chad, Egypt, Eritrea, Ethiopia, Libya, and South Sudan. Sudan is a federal republic, and the vertical structure of government consists of three tiers. The central government is embodied in the office of the President, the Council of Ministers, and the National Assembly and the two main tiers at the sub-national levels are the state tier (with 17 states) and the locality tier. The implications of the country's current political and economic transition on debt management are fundamental. The permanent fiscal shock from lower oil revenues has put heavy pressure on the budget, with fewer resources available for debt repayment and with increased needs for borrowing for deficit financing, including monetization. External resources are limited given the arrears Sudan has with many creditors and associated lack of access to concessional financing, plus traditional global markets are stressed from fiscal problems in many countries. The government has already been very active in domestic markets, and the availability of additional resources from the private sector is a concern. The DeMPA focuses on central government debt management activities and closely-related functions, such as the issuance of loan guarantees, on-lending, cash flow forecasting, and cash balance management. Thus, the DeMPA does not assess the ability to manage the wider public debt portfolio, including implicit contingent liabilities (such as liabilities of the pension system) or the debt of state-owned enterprises (SOEs), if these are not guaranteed by the central government. 2020-06-25T13:43:13Z 2020-06-25T13:43:13Z 2012-05 Report http://documents.worldbank.org/curated/en/815881592945197966/Sudan-Debt-Management-Performance-Assessment-Tool-DeMPA http://hdl.handle.net/10986/33978 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Debt Management Performance Assessment Africa Sudan
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PUBLIC DEBT
DEBT SUSTAINABILITY
DEBT SERVICE
DOMESTIC DEBT
DEBT MANAGEMENT
AUDIT
FISCAL POLICY
MONETARY POLICY
EXTERNAL BORROWING
LOAN GUARANTEES
DEBT REPORTING
spellingShingle PUBLIC DEBT
DEBT SUSTAINABILITY
DEBT SERVICE
DOMESTIC DEBT
DEBT MANAGEMENT
AUDIT
FISCAL POLICY
MONETARY POLICY
EXTERNAL BORROWING
LOAN GUARANTEES
DEBT REPORTING
World Bank
Sudan Debt Management Performance Assessment
geographic_facet Africa
Sudan
description The Republic of Sudan is the third largest country in Africa, following the July 2011 secession of South Sudan, with an area of 1.8 million square kilometers and a population of 33.4 million, half of which live in urban areas. It is strategically located between Sub-Saharan Africa and the Middle East, with direct borders with Central African Republic, Chad, Egypt, Eritrea, Ethiopia, Libya, and South Sudan. Sudan is a federal republic, and the vertical structure of government consists of three tiers. The central government is embodied in the office of the President, the Council of Ministers, and the National Assembly and the two main tiers at the sub-national levels are the state tier (with 17 states) and the locality tier. The implications of the country's current political and economic transition on debt management are fundamental. The permanent fiscal shock from lower oil revenues has put heavy pressure on the budget, with fewer resources available for debt repayment and with increased needs for borrowing for deficit financing, including monetization. External resources are limited given the arrears Sudan has with many creditors and associated lack of access to concessional financing, plus traditional global markets are stressed from fiscal problems in many countries. The government has already been very active in domestic markets, and the availability of additional resources from the private sector is a concern. The DeMPA focuses on central government debt management activities and closely-related functions, such as the issuance of loan guarantees, on-lending, cash flow forecasting, and cash balance management. Thus, the DeMPA does not assess the ability to manage the wider public debt portfolio, including implicit contingent liabilities (such as liabilities of the pension system) or the debt of state-owned enterprises (SOEs), if these are not guaranteed by the central government.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Sudan Debt Management Performance Assessment
title_short Sudan Debt Management Performance Assessment
title_full Sudan Debt Management Performance Assessment
title_fullStr Sudan Debt Management Performance Assessment
title_full_unstemmed Sudan Debt Management Performance Assessment
title_sort sudan debt management performance assessment
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/815881592945197966/Sudan-Debt-Management-Performance-Assessment-Tool-DeMPA
http://hdl.handle.net/10986/33978
_version_ 1764479923307675648

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