According to the International Monetary Fund (IMF), the loss of most of Sudan’s oil export potential has exacerbated the crises in the country. Sudan as a united country started producing oil in the 1990s, though the division of Sudan and South Sudan in July 2011 left most of the oil fields straddling the new border. The secession of South Sudan resulted in a loss of 80 per cent of Sudan’s oil export revenues. Oil still plays an essential role in the economy and policy adjustments in the wake of the birth of South Sudan had reduced inflation and supported recovery to some extent, the IMF stated in a report on its 2016 Consultation with Sudan. “Despite these efforts, however, large macroeconomic imbalances -triggered by the loss of three-quarters of oil exports- continue to constrain growth prospects, along with weak policies, internal conflicts, and US sanctions. “Low […]