South Sudan Economic Monitor
Notwithstanding slower global growth and lingering impacts of recent catastrophic floods, private sector activity, outside the oil sector, has been supported by a relative return to peace, and higher government spending. Nevertheless, the economy is estimated to have contracted by 0.4 percent in FY23/24, reflecting drags from oil production. Supported by a successful exchange rate liberalization, inflation averaged -3.2 percent in 2022 and around 3 percent in the first nine months of 2023. Monetary policy has tightened in recent months, but it remains imperative that the central bank refrain from financing the fiscal deficit. The FY23/24 budget projects a smaller financing gap of about 13 percent of budget expenditures comparedto previous years. However, financing vulnerabilities remain high because of limited fiscal and external liquidity buffers and limited debt-carrying capacity.
| Main Author: | |
|---|---|
| Format: | Report biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2024-01-08
|
| Subjects: | REAL SECTOR, INFLATION, FOOD SECURITY, MONETARY POLICY, FINANCIAL SECTOR, |
| Online Access: | http://documents.worldbank.org/curated/en/099120423132018969/P50055601fc6510f80883704c40310b0c39 https://openknowledge.worldbank.org/handle/10986/40856 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|