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Republic of South Sudan: Third Review Under the Staff-Monitored Program, Request for Disbursement Under the Rapid Credit Facility, and Program Monitoring with Board Involvement-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

This paper presents Republic of South Sudan’s Third Review under the Staff-Monitored Program, Request for Disbursement under the Rapid Credit Facility, and Program Monitoring with Board involvement. About two-thirds of South Sudan’s population is experiencing severe food insecurity, the highest level since independence. Significant reforms have been introduced since the start of the SMP in March 2021, including the unification of the official and parallel exchange rates and increased transparency of oil revenue and government operations. The authorities plan to channel part of the food stock window disbursement via the World Food Programme and International Organization of Migration making use of their systems to provide immediate humanitarian assistance to address food insecurity. In order to help guide their reform agenda aimed at maintaining macroeconomic stability and debt sustainability and improving governance and transparency, the authorities have also requested completion of the existing SMP and a new nine-month Staff Program Monitoring with Board Involvement to lay the ground for an eventual Extended Credit Facility.

Suggested Citation

  • International Monetary Fund, 2023. "Republic of South Sudan: Third Review Under the Staff-Monitored Program, Request for Disbursement Under the Rapid Credit Facility, and Program Monitoring with Board Involvement-Press Release; and Staf," IMF Staff Country Reports 2023/108, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2023/108
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