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South Sudan seeking public-private partnership to tackle economic crisis

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February 15, 2017 (JUBA)- The South Sudanese government said it is seeking cooperation of the private sector and other stakeholders to avert the deteriorating economic

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South Sudan’s finance minister, Stephen Dhieu Dau, speaks in Juba, 23 July 2013 (Photo: Larco Lomayat)

Finance minister Stephen Dhieu Dau said his ministry looks forward to working together with the private sector to develop strategies aimed at addressing the situation.

“We have been meeting with different stakeholders since my appointment, because I want them to contribute to addressing this economic situation. The government has ideas, it has policies in place but it is also important we hear what others are saying," Dau told reporters in the capital, Juba on Wednesday.

"This is very important because addressing such a situation requires inputs from different stakeholders and this is why it is important to partner with the private sector to do what’s good for the economy and for our people”, he added.

According to Dau, the finance ministry is closely working with the country’s Central Bank governor to reduce the exchange rates of the U.S. dollar against the local currency to improve the economy and reduce inflation.

He said the two institutions will work to find a solution to swelling prices of essential commodities at the market, stressing that the two institutions will have to embark on harmonized and coordinated work.

“You know that the governor of central bank with his team and I with my team met on Thursday last week and held a very important meeting in which we have agreed to reduce the exchange rates of the US dollar, either to fix it or by injecting more hard currencies so as to increase the supply,” said Dau.

The minister said his institution would exert every effort to try to improve the situation, though it would require time and patience to address it.

“The president and the government are committed to addressing this situation and because of this commitment we would like to assure our people that yes, our economy is experiencing difficulties, but the issue will take time and patience. The situation will not be automatically resolved. It will take time and this is why it is important for our people to be tolerance”, he appealed.

Investors’ confidence has sunk since the eruption of the conflict in South Sudan in December 2013, resulting in unprecedented fiscal woes which appear to have been worsened by the decline in oil prices and drop in global oil prices.

(ST)

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  • 16 February 04:49, by lino

    The important thing is to stop war and seek international help to attract investors; then the government should start creating stable income rather than oil, and that means building roads, schools, and medical services.
    Every South Sudanese should have a farm to feed himself.

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    • 16 February 08:28, by Midit Mitot

      Another tactic to divert public fund into private account, just do it Mr Dhuie,it,s your time to eat,

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  • 16 February 05:28, by Tilo

    Government of SS already know what the problem is. Therefore end the war to solve the problem. Generate more gov’t institution to bring more income. Stop corruption and those who steals money from President & council of state office should be arrested and held accountable. Invest in Agriculture. Stabilize the insecurity in the country. Investors will come back and life will be normal once again

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    • 16 February 05:56, by Gatluak jal

      Two of you are absolutely right: SS has been looted be Pagun Mun, Majok Agot, Nyadeng Garang D Mabor, even recently, General Thomes C. has looted Military equipment’s for personal purposes and after he knew that he will be investigated, He decide to run way and accusing president kirr of wrong doing. The so-call SPLA-IO is organization with bunch of criminal and they should be through to justice

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    • 16 February 06:10, by Gatluak jal

      right now, SS need peace not the war. it’s very shameful for our leaders always stealing public money and after they realize they committed a crime they will decide to joint rebel as save heaven for them. if you look the history of those, who claimed to be the leader of SPLA-IO, the majority of them are most corrupted people in SS. For instance, Pagun has been accused of taken $3.2m US dollar.

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      • 16 February 07:38, by jubaone

        Gatluak jal,
        I read the English language in your article and realize, the best for you is join your friend Taban Gai or the govt. There you dont need intelligent people, it is sufficient to be a primary school dropout or simply fake your academic credentials.

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        • 16 February 13:33, by wacjak

          Jubaone! Is one learned only when one knows English? Then the Russians, Chinese, Japanese, you name them, can be in the category of unlearned people. But you know that they are far superior to you. Does the government of Salva Kiir lack learned people? What do you call people like Dr. Lomoro, Dr. Lual Achuek, Dr. Dhieu Mathok etc? Wake up dude, your hatred has made you blind to the facts.

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          • 16 February 16:10, by jubaone

            Wajcak or Wasak,
            I dont speak for the Chinese, Russians or Japanese. But at least with your English, I suggest you better use monyjienge or buy some fake school certifcate from Uganda or Kenya. Afterall, many worthless jienges bought some recently from Busoga University. They only needed 60 days to get a BA or BSc.

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      • 16 February 11:45, by Theallseeingeye

        yes Gatluak jal
        and president Salva Kiir has stolen $700m, Mr.  Kuol Athian 1.2 Billion Former finance minister, etc...
        follow this link for confirmation "http://nyamile.com/2016/09/20/revealed-the-list-of-top-45-most-corrupt-south-sudans-government-officials/"
        guess what, now Thomas Cirillo could be the one who has stolen the 2m ssp from council of states right????!!!!

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  • 16 February 07:14, by Eastern

    Kiir and his government officials know very well that the only thing that’s haemorrhaging the country’s reasources is the current war. Be it corruption in the army, etc where funds are squandered under the guise of buying war materials. Kiir should announce the time he will step down.

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  • 16 February 07:21, by Ater

    no solution to south sudan economic until we accept to live in peace and harmony.

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    • 16 February 09:43, by hamil

      Ater

      Very good point only peace and genuine peace not a shaky one.

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  • 16 February 08:00, by Jada

    What happened to the issue of bonds to the public that was announced last year by the central bank governor. I guess no one came forward to acquire that. Its like you are throwing your money away. There is no shortcut to this. Only peace and engaging in productive actitivies can deliver the country out of this mess. Not the number of meetings.

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  • 16 February 08:42, by hamil

    Cheap talk is no talk at all, all this government does is talk, talk, talk, and talk. You idiots need to be taken to the classrooms and taught the parameters for a conducive investment environment one of them is PEACE. A stable economy thrives in a peaceful environment, all efforts to alter the crippled economy will collapse until these dumb idiots swallow their ignorance and stupid pride of

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  • 16 February 08:51, by hamil

    As long as you turn a deaf ear and suffocate all efforts aimed at bringing PEACE forget about addressing the economic situation. This country does not have experts to address crises like these all we have is a bunch of hot tempered morons who are less analytical and don’t differentiate between good and bad. if this government knows what it is doing, we could be in a peaceful and prosperous nation.

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    • 16 February 09:08, by Tilo

      hamil

      This country has well educated people but they are not been given chance to explore their expertise in the governance system. that is why this country is derailed to the current state

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      • 16 February 09:35, by hamil

        Tilo

        You are absolutely right about that this country has the human resource across all it’s corners to tackle this mess and the huge spending burden we are drowned into, but when a tribe decides to own all the key sectors of the government and deliberately refuse to allow good brains through exclusivity, the result is what we see. In S.S your brain doesn’t matter but who you are matters most.

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  • 16 February 09:20, by Kush Natives

    Now the baby start talking sense. RoSS government should starts regretting from the wide uncovered gaps they have lost in decades and 3/4 years ago since CPA1 whereby they were acting like robberies, acting like orphanage as well widows. No one used to remember that South Sudan then. All they were thinking is that, South Sudan is still a part of Sudan. Therefore, Sudan will fix all our problems.

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    • 16 February 09:40, by hamil

      Hey Everyone Kush Native has for once spoken sense give him an applause

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  • 16 February 09:26, by hamil

    And talking about reducing the exchange rate do you have containers of dollars to inject in the market for the local currency to gain momentum? All the corrupt government officials who keep stolen money in septic tanks and elevated water tanks should pull it out and inject it in the central bank otherwise you will keep wrestling with the dollar until nothing is left in the central bank.

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  • 16 February 09:38, by Kush Natives

    Today, we have two wars on hand, J1 thieves, Riek Machar killer/tribalist, Lam Akol with both pictograms, Oliny with confined space triblist, Arrow Boys acting undercover dealing with Nilotic sub-Saharan indigenous groups, manufacturing that Dinkas in particular are the problem, while Nuer and alike are ok. which never bear sense in the field. In God’s creation. Are ready to violet his creation

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    • 16 February 09:49, by hamil

      Kush Natives

      The number one architects of tribalism are those in J1 don’t be naive. Other South Sudanese communities were happy to mingle with one another until your evil-consumed elders sought a tribal agenda now please do not deflect the blame on some people because you JCE started a fire they can’t put off now. J1 is the Head Quarters of tribalism in South Sudan.

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      • 16 February 10:24, by Kush Natives

        Hamil,
        I am not in J1. Why should I be naïve? Why you always believes on those who always judged and express their views as a way of every human should or respected lives of an innocents, live in J1?

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        • 16 February 12:35, by hamil

          Kush Native I am simply letting you know that this scourge known as tribalism is the work of Salva Kirr and the JCE. It started from J1 no one else started it......Do you now get what I am saying?

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    • 16 February 12:56, by Tilo

      Kush Natives
      The question is, All the rebellion group you mentioned is fighting the current government, therefore government is the major problem, I strongly believe if gov’t change 90% of the rebellion can go silent and peace will prevail in SS. Gov’t is the only body that can end the war and sustain security

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  • 16 February 11:32, by Eastern

    Kiir and cohorts are lucky that they are dealing with uninformed lot.....

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  • 16 February 13:41, by Naath

    Dinka gangs leaders are begging international community to finance their criminal activities to coommit more crimes in south Sudan. Dinka is a community full of fools with dogs like brains.

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  • 16 February 17:52, by Eastern

    It’s about time Kiir and cohorts are referred to the Keynesian economic theory....

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