News

Youth coalition calls for financial sectors’ reform

By Manyuon Mayen Manyuon

South Sudan Youth Organizations’ Coalition (SSYOC), a loose collection of over 25 youth-led organizations operating in the areas of peace building, advocacy, policy research, governance and democracy, health and education has called for immediate financial sectors’ reform to rescue the economy.

The group said it was the high time for financial sectors to work hard and rescue the country’s economy from diminishing as the locals grapple with the impact of economic crisis.

This was echoed during a one day workshop on the role of Civil Society in Juba on Financial Sector reform as enshrined in the Revitalized Agreement on the Resolution of the Conflict in South Sudan (R-ARCISS) Chapter IV (Four).

Peter Malir Biar, the Chairperson of the coalition said it was the right time that the country constructively contributes to nation building through financial reforms.

“As per now, our economy is fragile but it will be upon the country’s financial sectors that we can gain any possible reform in the short course. So, we are urging our financial institutions to quickly help the situation,” he explained.

Mr. Biar revealed that the coalition was seeking other opportunities to provide platforms for youth participation as a gateway to contribute to nation building.  

The event was conducted by South Sudan Youth Organizations Coalition (SSYOC) in partnership with Christian Agency for Peace and Development (CAPaD) through financial support of the Norwegian Peoples’ Aid (NPA).

The program themed “The role of Civil Society on financial sector reforms, freedom of speech and expression” discussed the role of civil society on financial sector reform as highlighted in the 2018 Revitalized Peace Accord.

Adam Cholong, Acting Dean of Students’ Affairs at the University of Juba commended the coalition’s work for their role in nation building.

“However, I am emphasizing the need for speedy implementation of the agreement,” he said.

According to the academician, opening up financial opportunities would resolve the country’s economical problems in the meantime

“When the financial system is strengthened, then it paves ways for other opportunities. These include Students support funds, and the enterprise development funds. So by doing this, young people can easily pursue tertiary education without hindrance as seen in the neighboring countries,” Cholong said.

Tongo James Elisama, Project officer at South Sudan Youth Organizations’ Coalition (SSYOC) stated that the government was supposed to be accountable on economic meltdown.

“This is taking us back, and we need answers for it,” he stated.

The event was attended by government officials, South Sudan Civil Society Forum, South Sudan Women for Peace, Youth Organizations and Academia.

While in the meeting, the discussants made presentations on the enterprise development fund and opportunities it provides to young people as reflected in the Revitalized Peace Agreement.

David De Dau, Secretary for External Affairs at the National Movement for Change (NMC) party under South Sudan Opposition Alliance (SSOA) affirmed that peace implementation was the only way to improve the country’s wellbeing.   

“However, it is important that civil society engage the government to speed up the formation of the States government. This will enhance implementation to ease other chapters as well as to rescue the country from economic collapse,” he explained.

He agrees that there was an urgent need to work for economic growth and development as far as the country’s economical situation is concerned.

error: Content is protected !!