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

Author: International Monetary Fund. African Dept.

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

Volume/Issue: Volume 2023 Issue 108

Publication date: March 2023

ISBN: 9798400235696

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Topics covered in this book

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International - Economics , Industries - Energy , Exports and Imports , Money and Monetary Policy , Public Finance , government operation , South Sudanese authorities , FSW disbursement , IMF team , authorities' effort , reform gain , customs administration reform , Oil , Government debt management , Debt sustainability analysis , Monetary base , Global , Southern Africa , East Africa

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Summary

Dire and deteriorating humanitarian situation. About two-thirds of South Sudan’s population is experiencing severe food insecurity, the highest level since independence. This is a result of multiple compounding factors, including severe multi-year floods due to climate shocks, inter-communal violence in parts of the country, and the impact of Russia’s war in Ukraine that is contributing to high global food and fuel prices.