IMF says South Sudan must rein in monetary financing
Central bank will have IMF support in resisting pressure to increase lending as crisis worsens
South Sudan’s central bank provided the country’s government with funding equal to approximately 2.1% of GDP last year, and must resist pressure to lend more, the International Monetary Fund said.
“The country is in a serious economic crisis,” IMF staff said in a report, released on June 4. “A relapse into war in mid-2016 spread insecurity across the country and severely affected all economic activities and exacerbated the humanitarian crisis and food insecurity.”
The IMF’s executive board
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