Title: Financial Reforms in Sudan: Streamlining Bank Intermediation
Abstract: The paper reviews the experience of financial refonns in Sudan with a view to assessing their macroeconomic impact and to shedding light on the question why such refonns have not yet brought about visible improvements in financial intennediation.The paper concludes that regardless of the progress achieved in recent years, deficiencies in the refonn design, institutional weaknesses, shallow financial markets, shortcomings of the Islamic mode of finance, and strong seasonality remain key factors that constrain financial intermediation.Additional efforts, in particular in bank restructuring, credit instrument design, monetary policy management, and prudential regulation are needed to address the systemic problems of the financial sector and to make it capable of supporting private sector growth.