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World Bank approves an interim strategy for South Sudan

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March 1, 2013 (WASHINGTON) – The World Bank Board of Directors, in partnership with the International Finance Cooperation (IFC) have endorsed a new Interim Strategy Note (ISN) for South Sudan.

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The ISN, the World Bank said in statement, represents the Bank Group’s support to the South Sudan Development Plan (SSDP), over the financial years 2013-2014.

Over this period, the statement notes, the Bank’s International Development Association plans to invest approximately US$130 million in support of the Government of South Sudan foundational development of effective and accountable public institutions that respond to citizens’ needs.

The move, it added, seeks to impact on service delivery, by promoting effective economic management and governance; and expanding productive employment opportunities.

“South Sudan is a new republic that’s barely two years old, and emerging from decades of conflict. As development, partners we recognize that building the state will depend on development-oriented leaders having and implementing a long-term vision, while exercising patience and persistence,” said Bella Bird, the World Bank Country Director for South Sudan, Sudan and Somalia.

Our support articulated in the ISN is just laying the foundation for a journey that seeks to transform physical, human and institutional development, she added.

The interim strategy, the Bank says, focuses on the longer-term endeavor of building legitimate institutions that can mitigate the drivers of instability in “fragile” and conflict-affected countries, including South Sudan.

Almost a year since it became a member of the World Bank Group, South Sudan, which got its independence in July 20121, still faces enormous challenges with virtually no or poor infrastructure, bare subsistence level agriculture, dismal human development indicators, and weak formal institutions of government.

Laura Kullenberg, the World Bank Country Director for South Sudan describes the young nation as a “resource rich country with tremendous development potential.”

“As a new nation, South Sudan has the opportunity to benefit from decades of development experience and avoid the hard lessons learned by others. Through its financial assistance, analytical work and country dialogue the World Bank Group will work with other development partners to help the country leverage global knowledge and development experience as it sets out to build effective and accountable institutions, diversify its economy and provide economic opportunities and improved livelihoods to its citizens,” she said.

The ISN, according to the World Bank, will build on the lessons of the Comprehensive Peace Agreement (CPA) period 2005-2011, particularly the experiences of the Bank-administered multi-donor trust fund in South Sudan (MDTF-SS).

(ST)

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  • 2 March 2013 07:13, by master

    hahaaaa
    SPLM going to sell south sudan

    repondre message

    • 2 March 2013 07:45, by zulu

      Mistress,
      That money does not come from your pussy

      repondre message

    • 2 March 2013 10:17, by lobby

      S. Sudan will prosper from its resources! Never again will vandal lazy stone age Arabs seep its resources! We Ethiopians are always with our blood brothers of S. Sudan! The days of these bunch of stone age Jihadists are numbered!

      repondre message

      • 2 March 2013 20:13, by master

        one missle enough to be silent

        repondre message

  • 2 March 2013 07:35, by 4Justice

    Quote "As development, partners we recognize that building the state will depend on development-oriented leaders having and implementing a long-term vision,"

    repondre message

  • 2 March 2013 08:05, by Majongdit

    Thank you World Bank. You have proved that we live in one world where we care for one’s problems. The WB, IMF and the international community at large holds the key to the solution of the South Sudan-Sudan stalemate. Khartoum uses its oil pipelines to demand for everything from South Sudan including those that are ’very impossible’. I appeal to S Sudan authorities for transparency.

    repondre message

    • 2 March 2013 23:55, by Sirajou

      The bank with its foreign agendas of corporatocracy will not develop anything in South Sudan but rather loot our resources through giving loans that we will never pay and they demand the flesh.
      South Sudan has its own resource with experience to develop our own if we are serious. Empty vessels make louder noise....world bank is fun of that.
      What have MDTF achieved?

      repondre message

  • 2 March 2013 08:50, by Gabriel Ajak

    Miss. Laura Kullenberg the world bank country director for South Sudan quoted about the richness of our young nation and weak formal institution of government.
    About all this means, we know how to eat money but we don’t know how to make development,can we bring foreignness to make development in our own country when are we going to learn how to work.

    repondre message

  • 2 March 2013 11:19, by Developer

    Miss. Laura, you should not allocate the fund not only for the government development agencies such as MDTF and others but remember that there are so many local communities base companies or organizations are crying for loans or grants to do some developments on farming, education and others. What they wanted to known is how and where to get investment loans?
    LK.

    repondre message

  • 2 March 2013 14:28, by Panthou

    I hope there’s would be an organized machinist ways for those money in order to be use wisely.

    repondre message

    • 2 March 2013 20:19, by Tutbol

      We appreciate the donors for the offer, but our people & country would not want to be hand-cuffed/muted by the name ’WORLD BANK’ the Americans, the Europeans & the jews; want everyone to worship them in the name of their so-called WORLD BANK, loans! They are the ones backing N Sudan to kill people? Get that loan if it will be given. But use it & return it in time, not be hand-cuffed by that money.

      repondre message

  • 3 March 2013 00:06, by Sirajou

    Tutbol, I admire your comment bro....the World Bank and IMF are western machineries of recolonising the world as well loot those countries’ resources through corporatocracy.
    If they are serious why don’t they contract local companies or East African companies to construct roads if they were honest. These are agencies full of corruption about what they can claim against our governments in Africa.

    repondre message

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