The South Sudan Government has decided to seek help from both the International Monetary Fund and the World Bank in its attempts to rebuild the troubled country’s ailing economy and attract confidence from foreign institutions.
Juba has taken the initiative through strengthening Global Economic Partnerships using the recently held High-Level talks held between its officials and the two global financial intuitions in Washington.
In what was translated to be a move to enhance international economic cooperation, South Sudan’s Minister of Foreign Affairs, Ambassador Mandi Simeaya Kumba, held a series of strategic meetings in the United States.
Juba’s ministerial delegation to Washington DC, held an audience with representatives from the World Bank (WB), International Monetary Fund (IMF), and senior members of the United States Congress, among other parties.
The discussions focused on supporting South Sudan’s national economy and advancing structural reform programs in the troubled East African country.
The visit aligns with the efforts of the South Sudanese government to achieve financial stability and attract foreign investments.
Ambassador Mandi Simeaya Kumba, the minister from Juba, explored mechanisms to enhance fiscal transparency, expand social protection programs, and support vital infrastructure projects.
On their part, the International partners expressed optimism about the reform agenda and economic strategies in South Sudan.
They reaffirmed their readiness to continue providing technical and financial support to ensure sustainable development in the post-reconstruction phase.
According to reports from Juba, the negotiations held in Washington are part of a broader strategy by Juba, to elevate South Sudan’s position on the global economic map.
Still, some observers are expressing derision on the efforts saying South Sudan is still caught in political unrest, chaos and conflict that need to be addressed before embarking on economic reforms.