Sudan - Toward Sustainable and Broad-Based Growth

Sudan is in the 10th year of its longest and strongest growth episode since independence, benefiting from the advent of oil in 1999. This report proposes a growth strategy for Sudan that reduces its dependence on oil, while building an economic fou...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English
Published:	World Bank 2012
Subjects:	ADVERSE IMPACT AGGREGATE DEMAND AGRICULTURAL CREDIT AGRICULTURE BANK ASSETS BANK CREDIT BANKING SECTOR BANKING SECTORS BANKING SYSTEM BENCHMARK BUDGET SURPLUSES BUSINESS CYCLE CAPITAL FLIGHT CENTRAL BANK COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES CONSUMER GOODS CONTINUOUS MONITORING CONTRACTUAL OBLIGATIONS CONVENTIONAL BANKING CREDIT MARKET CREDITORS CROWDING OUT CURRENT ACCOUNT DEFICITS DEBT DECENTRALIZATION DEPOSITS DEVALUATIONS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT PROJECTS DIVISION OF LABOR DOMESTIC ARREARS DOMESTIC BORROWING DOMESTIC CONSUMPTION DOMESTIC CURRENCY DOMESTIC MARKET ECONOMIC ACTIVITY ECONOMIC CHANGE ECONOMIC CONCENTRATION ECONOMIC CONSTRAINTS ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC TRANSACTIONS ELECTRICITY GENERATION ENABLING ENVIRONMENT ENTRY BARRIER ENVIRONMENTAL ENVIRONMENTS EQUILIBRIUM EXCESS DEMAND EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXCHANGE RATES EXPENDITURE EXPENDITURES EXPLOITATION EXPORT COMPETITIVENESS EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL DEBT FARMS FEDERAL BUDGET FINANCE CONSTRAINT FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL SECTOR FINANCIAL SYSTEMS FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL POLICY FISHERIES FORECASTS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES FORESTRY GDP GDP PER CAPITA GLOBAL ECONOMY GOVERNANCE ISSUES GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT INVESTMENT GOVERNMENT INVOLVEMENT GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS NATIONAL PRODUCT GROWTH POTENTIAL GROWTH RATE HOLDING HOST COUNTRIES IMBALANCE IMPORT IMPORTS INCOME LEVELS INCREASING RETURNS INEFFICIENCY INFLATION INFLATION RATE INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITIES INTERMEDIATE INPUTS INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT CLIMATE INVESTMENT PROJECTS ISLAMIC BANKING ISLAMIC BANKS ISSUANCE LAND POLICY LAND USE LEGAL FRAMEWORKS LEGISLATIVE FRAMEWORK LEVEL PLAYING FIELD LIQUIDITY LIQUIDITY PROBLEMS LIVING STANDARD LOCAL CURRENCY LOCAL SECURITY LONG-TERM INVESTMENTS MACROECONOMIC ADJUSTMENT MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MACROECONOMIC VOLATILITY MARKET INFORMATION MARKET INTEGRATION MICROFINANCE MONETARY POLICIES MONOPOLIES NATIONAL ECONOMY NATURAL RESOURCE NATURAL RESOURCES NON-PERFORMING LOANS OIL OIL BOOM OIL BOOMS OIL EXPORTERS OIL PRICE OIL PRICES OIL RESERVE OIL RESERVES OIL REVENUE OIL REVENUES OIL SECTOR PER CAPITA INCOME PERMANENT INCOME POLICY ENVIRONMENT POLICY INSTRUMENTS POLICY MAKERS POLITICAL ECONOMY POLITICAL RISKS POLITICAL STABILITY POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INFLOWS POVERTY REDUCTION PRICE VOLATILITY PRIVATE CONSUMPTION PRIVATE CREDIT PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PRODUCTION INPUTS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATE REAL GDP REFERENDUM REMITTANCES RESOURCE MANAGEMENT RETURN RETURNS RISK PREMIUM RURAL FINANCE SUBSTITUTION EFFECT SUSTAINABLE GROWTH TAXATION TELECOMMUNICATIONS TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL OUTPUT TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY VALUE ADDED WAGES WEALTH WEALTH EFFECT WORLD ECONOMY
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100307232000 http://hdl.handle.net/10986/3169

Description
Summary:	Sudan is in the 10th year of its longest and strongest growth episode since independence, benefiting from the advent of oil in 1999. This report proposes a growth strategy for Sudan that reduces its dependence on oil, while building an economic foundation for a diversified, inclusive and sustainable growth path. Specifically, Sudan's near term strategy should focus on: a) developing and maintaining the necessary enabling environment for growth, specifically macroeconomic stability and effective fiscal management (chapter one); b) implementing policies aimed at improving the investment climate and broadening private sector-led growth (chapters two and five); c) increasing returns to the agriculture sector as the highest potential engine of growth and poverty reduction over the medium-term (chapter four); d) developing a comprehensive reconstruction plan for the South (chapter six); and e) complementing technocratic reforms with good governance. Sudan needs a new, more balanced growth vision that is less reliant on oil, while using the oil wealth to create an economic foundation for a diversified, inclusive, and sustainable growth path.

Sudan - Toward Sustainable and Broad-Based Growth

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