The Rationale and Effects of the IMF Stabilisation Programme in Sudan

  • Richard Brown
Part of the International Political Economy Series book series (IPES)

Abstract

For more than a decade Sudan’s economy has been enduring a severe and continuing balance of payments crisis. By the beginning of 1988 the country’s total foreign debt stood at over US $10 billion (representing about 133 per cent of GNP), which included outstanding arrears to its creditors of over US $4.6 billion, including US $800 billion accumulated arrears on payments (‘repurchases’) due to the IMF itself. During most of this decade (until April 1985) the government of Sudan, then under the military regime of President Nimeiry, enjoyed a more or less uninterrupted succession of agreements with the IMF which formed the basis of an international donor community-supported Economic Recovery Programme. In April 1985 the Nimeiry regime was toppled by a popular uprising which paved the way for the coming to power, a year later, of the democratically elected coalition government of Sadig al Mahdi.1 The main purpose of this chapter is to trace the evolution of the IMF’s relations with Sudan, over the decade 1978 to the beginning of 1988, with a view to advancing our understanding, and assessing the rationale and effects of an IMF-supported stabilisation programme in one of sub-Saharan Africa’s poorest, least-developed countries.

Keywords

Sugar Economic Crisis Transportation Income Marketing 

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Copyright information

© Professor Bonnie Campbell 1989

Authors and Affiliations

  • Richard Brown

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