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Ninety million USD for Budget

International Monetary Fund, World Bank, African Development Bank, US State Department, USAID and JICA have pledged the sum of 90 million US dollars in support of South Sudan’s budget and implementation of projects suspended since 2013.

Speaking to the media yesterday, the Minister of Information and official government spokesperson, Michael Makuei Lueth said the cabinet in its extraordinary meeting number four chaired by President Salva Kiir listened to a report from the Minister of Finance, Stephen Dhieu Dau on his visit to Washington D.C. to attend the Spring meeting which was attended by all the Finance Ministers and Governors of Central Banks in the world.

He said that during Stephen Dhieu Dau’s visit, the minister held side meetings with the IMF, World Bank, African Development Bank, US State Department, USAID and JICA and they assured the minister that they will support the government and the budget.

“Our 2017/2018 budget will be run on deficit and they have pledged to cover up the deficit with the sum of 90 million US dollars in support of the budget and improvement of implementation of projects,” Makuei said.

He said there are some projects that are at a standstill since 2013 due to the conflict and they needed to be completed.

Makuei added that the report was passed by the cabinet and the minister was authorized to continue with implementation of all the issues that were agreed upon so that the country moves out of its current economic situation.

By Sasuk Taban

 

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