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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.

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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 19:49, by Eastern

        Agriculture should have been made the engine of food security!!! Were you waiting for a decree from Kiir on this? When I opened my farm at Kworjik, Kiir drove his cattle into my farm arguing that ades (lentils) and wheat for making bread do not grow in South Sudan. Today in Aweil, local authorities are praying that Sudanese traders smuggle goods for them from the Sudan!!!!

        repondre message

        • 27 April 02:10, by Don-Don Malith Rual

          That was between u and who ever was ib charge of those cattle by then, u should have took him to traditional court of appeals unless it was a metaphor! When i used to be a local farmer i took care of my farm as my own property; and should any one interrogate myself,that is an abomination, encourage pple to cultivates.and be a man in your own space.

          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!!!

    repondre message

  • 27 April 07:49, by Freedom Advocate

    Just say $8million for guns not food neither road to kenya.
    Idiot!

    repondre message

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