South Sudan secures $106 million loan to buy food items
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April 25, 2017 (JUBA) - South Sudan government has secured $106
million to pay for food imports as millions face starvation, the
finance minister disclosed.
JPEG - 13.2 kb
South Sudan’s finance minister, Stephen Dhieu Dau, speaks in Juba, 23
July 2013 (Photo: Larco Lomayat)
Part of it, Stephen Dhieu Dau said, will fund the construction of a
road to Kenya.
The minister, in a statement, said the funds will come from the World
Bank and the African Development Bank, adding that that South Sudan
government signed a deal with the World Bank for a $50 million grant
“to meet the food gaps in South Sudan”.
Dau, currently in Washington to attend a meeting, with lenders said
those funds would be disbursed soon to finance food imports from
Tanzania and Uganda.
A further $8 million, he said, was agreed with the World Bank for the
construction of a road connecting the capital Juba to Kenya.
Separately, the African Development Bank, according to the minister,
will provide loans and grants worth $48 million to help strengthen the
recession-hit economy, but did not provide further details on this.
The delegation reportedly also had bilateral meetings with senior
officials from the U.S State Department and the U.S aid arm (USAID),
as well as representatives of other countries to the International
Monetary Fund and World Bank.
The delegation briefed the IMF, the WBG and State Department
representatives on the current status of South Sudanese economy,
including the reform and revitalization agenda, which is now a top
priority for the Transitional Government of National Unity (TGoNU),
the humanitarian situation in the country and the urgent need to
reactivate and where possible, initiate developmental projects in the
country.
While acknowledging the challenges facing the Republic of South Sudan,
the IMF and the WGB appreciated the economic measures and reform
programs currently pursued by the Ministry of Finance and Planning and
the Bank of South Sudan. The two institutions further committed to
continue to provide Technical Assistance (TA) to enable the Ministry
and Bank of South Sudan deliver in their reform agenda.
To that effect, the IMF Country program team will continue with the
ongoing Technical Assistance (TAs), including in budget making
process, targeting 2017/2018 Financial Year. In addition to the
recently provided $40M (Only Forty Million US Dollars) for Emergency
Health response program in the former Upper Nile and Jonglei States,
the World Bank has just provided $50m for emergency food services in
the context of the ongoing famine in some part of the country.
The World Bank further indicated its willingness to reactivate their
portion of funding for the Juba – Torit – Kapoeta – Nadapal Road,
officials said.
(ST)
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26 April 12:15, by Good Foe
The thieves are wetting their fingers.
repondre message
26 April 13:32, by DumoMakuachdit
We are no longer kids to hoodwinked, shut-off your mouths you
disgruntle politicians. Stop cheating, only God knows.
repondre message
26 April 13:38, by DumoMakuachdit
I wish Gen Paul Malong should takes over tonight since this
foolhardy Kiir is doing nothing just buy dinka for his power. I wish
souls of Dr. Garang and the rest should call him immediately!!
repondre message
26 April 16:58, by Don-Don Malith Rual
The Agriculture should have been made the engine of food_
Security to stop food shortage within the country. World bank money
will nt be a lasting solutions.
repondre message
26 April 18:02, by lino
They will go and pay these $50 million as salaries for some
employees who never got their money for last 3-6 month, and come back
to World Bank and said we fed the hungry with it!!!
The World Bank should give $1000.00 per one gun and emptied South
Sudan with these military ware. Soon or later, the fighting will stop
in the country.
repondre message
26 April 18:29, by Nyesi Ta
Gov’t by the thieves for thugs. The hungry looking minister, with
his big, woodlog-like looking teeth without shame tell us $8 million
can construct a road that connects Juba with Kenya. What a jock!!!
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