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While the world grappled with the devastating effects of the Covid-19 pandemic, war-torn Sudan had yet another catastrophe to contend with: a devastating flood that swept across the country in July 2020. One of the worst in over three decades, the torrential downpours triggered landslides that claimed more than 100 lives, destroyed more than 110,000 homes and damaged large tracts of farmland, leading the Sudanese government to declare a three-month national state of emergency (https://wapo.st/3cUmkYB) in September. The destruction of farms, in particular, compounded the country’s food sec...

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The International Monetary Fund (IMF) managing director approved on Monday the first review of Sudan's Staff-Monitored Program (SMP) but called for reform of a customs exchange rate and more transparency over state-owned enterprises.

By Reuters Staff 1 Min Read CAIRO, March 8 (Reuters) - The International Monetary Fund (IMF) managing director approved the first review of Sudan’s Staff-Monitored Program (SMP), which supports the government’s home-grown program of reforms aimed at stabilizing the economy, strengthening social protection, boosting the private sector, and strengthening governance, a statement by the IMF said on Monday. “The Sudanese authorities have made tangible progress toward establishing a strong track record of policy and reform implementation - a key requirement for eventual debt relief”, the st...