President Salva Kiir directed the National Minister of Finance Minister, Dr. Bak Barnaba, the governor of Central Bank, Dr. James Garang, to address the country’s economic challenges.
Kiir met the two officials at in Juba on Friday where he encouraged both Barnaba and Garang to work hand in hand to stabilize the country’s economy for the well-being of the South Sudanese citizens.
Barnaba said they have briefed the president on the recent participation at the World Bank Group-IMF Conference in Morocco, which was “centered on building economic resilience and securing transformational reforms in member states.”
Governor Garang noted that they had engaged different stakeholders in advancing the capacity of financial institutions in South Sudan.
He added that they have come up economic policies geared towards stabilizing the national economy.
In October 5, 2023, President Kiir urged the newly appointed Central Bank governor, James Alic Garang and his two deputies to join hands and address the shortfalls in the economy so as to improve the livelihoods of the people and to coordinate and improve the economic situation in the country.
Currently, South Sudan is facing the challenges in strengthening its currency against the bossy US dollar and the runaway inflation. Beside this, there are other challenges relating to the job creation and the transformation of the banking sector which are considered deliverables under the recent National Economic Conference.
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