Sudan makes remarkable progress in macroeconomic stability, says IMF

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Sudan has made remarkable progress toward the stability of its large scale economic system and growth amidst a difficult environment, says a team from the International Monetary Fund or IMF.
 
IMF says policy adjustments helped to contain the fiscal deficit, slow money growth to reduce inflation and support growth.
 
The remarks followed a visit to Khartoum by IMF team led by Eric Mottu from May and June.
 
The team observes that institutional reforms strengthen tax collections and public financial management and social spending increased to mitigate the social impact of the adjustment.
 
In 2015, good harvests boosted growth to close to 5 percent and inflation was contained at 12.8 percent in April 2016 in Sudan.