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Sudan: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document

2021-07 Business & Economics
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Release : 2021-07
Genre : Business & Economics
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Book Rating : 133/5 ( reviews)

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Book Synopsis Sudan: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document by : International Monetary

Download or read book Sudan: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document written by International Monetary. This book was released on 2021-07. Available in PDF, EPUB and Kindle. Book excerpt: Sudan, with the support of the international community, is implementing an ambitious reform program to address major macroeconomic imbalances and support sustainable, inclusive growth. A new transitional government was established in the wake of the 2019 revolution with the mandate to carry out sweeping reforms to reverse decades of economic and social decline. The government is pursuing a transformational reform agenda focused on: (i) achieving internal peace based on inclusion, regional equity, and justice; (ii) stabilizing the economy and correcting large macroeconomic imbalances; (iii) providing a foundation for future rapid growth, development, and poverty reduction; and (iv) improving governance and transparency.

Sudan

2021-03-26 Business & Economics
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Release : 2021-03-26
Genre : Business & Economics
Kind : eBook
Book Rating : 155/5 ( reviews)

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Book Synopsis Sudan by : International Monetary

Download or read book Sudan written by International Monetary. This book was released on 2021-03-26. Available in PDF, EPUB and Kindle. Book excerpt: Sudan, with the support of the international community, is seeking to implement an ambitious reform program to address major macroeconomic imbalances and support sustainable, inclusive growth. A new transitional government was established in the wake of the 2019 revolution with the mandate to carry out sweeping reforms to reverse decades of economic and social decline. The government is pursuing a transformational reform agenda focused on: (i) achieving internal peace based on inclusion, regional equity, and justice; (ii) stabilizing the economy and correcting the large macroeconomic imbalances; and (iii) providing a foundation for future rapid growth, development, and poverty reduction. The government has achieved important milestones, most prominently a peace agreement with almost all internal armed opposition groups in October 2020 to end 17 years of conflict. It has also agreed to ambitious reforms and policy adjustments in the context of an International Monetary Fund (IMF) Staff Monitored Program (SMP) that meets the Upper Credit Tranche (UCT) conditionality standard and an International Development Association (IDA) Development Policy Financing (DPF) operation. Furthermore, on December 14, 2020, Sudan was officially removed from the United States State Sponsors of Terrorism List (SSTL), ending almost three decades of international isolation. While positive changes are underway, political contestation over power sharing arrangements remains acute. It is critical for Sudan to take advantage of a still favourable political economy to tackle its macroeconomic imbalances and put itself on a sustainable development trajectory.

Sudan: Poverty Reduction Strategy Paper-Joint Staff Advisory Note

2021-07-08 Business & Economics
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Release : 2021-07-08
Genre : Business & Economics
Kind : eBook
Book Rating : 559/5 ( reviews)

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Book Synopsis Sudan: Poverty Reduction Strategy Paper-Joint Staff Advisory Note by : International Monetary

Download or read book Sudan: Poverty Reduction Strategy Paper-Joint Staff Advisory Note written by International Monetary. This book was released on 2021-07-08. Available in PDF, EPUB and Kindle. Book excerpt: This Joint Staff Advisory Note (JSAN) reviews the Sudan Poverty Reduction Strategy Paper (PRSP) for the period 2021–2023. The PRSP was prepared by the Government of Sudan, drawing on lessons learned from the implementation of the 2012 interim poverty reduction strategy paper (I-PRSP).1 The PRSP was approved by the Council of Ministers on May 11, 2021. The government submitted the PRSP to IDA and the IMF on May 12, 2021 to fulfill the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative’s poverty reduction strategy requirement.

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update

2017-09-15 Business & Economics
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Release : 2017-09-15
Genre : Business & Economics
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Book Rating : 391/5 ( reviews)

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Book Synopsis Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update by : International Monetary Fund

Download or read book Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI)—Statistical Update written by International Monetary Fund. This book was released on 2017-09-15. Available in PDF, EPUB and Kindle. Book excerpt: The HIPC Initiative and MDRI are nearly complete, with 36 countries having reached the completion point under the HIPC Initiative. Debt relief under the Initiative has alleviated debt burdens substantially in recipient countries and has enabled them to increase their poverty-reducing expenditure by over one and a half percentage points of GDP between 2001 and 2015. Creditor participation in the HIPC Initiative has been strong amongst the multilateral and Paris Club creditors; however participation from other creditor groups still needs to be strengthened. The total cost of debt relief to creditors under the HIPC Initiative is currently estimated to be US$76.9 billion, while the costs to the four multilateral creditors providing relief under the MDRI is estimated at US$42.4 billion in end-2015 present value terms.

Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative

2011-08-11 Business & Economics
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Release : 2011-08-11
Genre : Business & Economics
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Book Rating : 291/5 ( reviews)

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Book Synopsis Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative by : International Monetary Fund

Download or read book Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)-Status of Implementation and Proposals for the Future of the HIPC Initiative written by International Monetary Fund. This book was released on 2011-08-11. Available in PDF, EPUB and Kindle. Book excerpt: This report aims to accomplish three objectives: (a) it provides an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI); (b) it proposes a modification of the reporting of progress under the initiatives, including the discontinuation of the annual status of implementation reports, and the preparation of periodic reports on debt vulnerabilities in low income countries (LICs), including HIPCs; and (c) it proposes a further ring-fencing of the list of countries eligible or potentially eligible for debt relief under the HIPC Initiative based on end-2010 income and indebtedness criteria.

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