Sudan faces significant domestic and international constraints to economic growth, the International Monetary Fund said in its yearly assessment, a harsh financial outlook for the country.

The loss of three-quarters of its oil exports “continue to constrain growth prospects, along with weak policies, internal conflicts, and U.S. sanctions,” the IMF said.

GDP growth is expected to remain at 3 percent in the near future the IMF said, 

The IMF said the agricultural sector in Sudan helped lift the economy last year, but growth is modest at around 3 percent for the medium term, largely due to low tax revenues and uncertain oil revenues.

"Low commodity export prices, absence of policy buffers, economic sanctions, the withdrawal of foreign correspondent banking relationships, and a weak business environment will continue to constrain economic activity," the IMF said.

Recently, the U.S. government has lifted certain bank transactions to Sudan. Earlier this year, Sudan and South Sudan committed to renegotiating oil fees in the country.