(Juba) – The International Monetary Fund (IMF) has pledged its support to the Government of South Sudan in building strong microfinance policies that aim to enhance long term economic stability and promote inclusive development. This commitment was made during a high level meeting between Vice President Dr. Benjamin Bol MelContinue Reading
(Juba) – The Governor of the Bank of South Sudan (BoSS), Dr. Addis Ababa Othow, has launched a national process aimed at reforming and stabilizing the South Sudanese Pound (SSP), which continues to face inflationary pressure and weakening public trust. The initiative began with a high level meeting in Juba,Continue Reading
(Juba) – The Bank of South Sudan has warned that recent reductions in United States foreign aid will hit the country’s fragile economy hard, cutting funds for vital services such as health and education. In an extraordinary meeting held over the weekend and chaired by newly appointed governor Addis AbabaContinue Reading
(Juba) – The Bank of South Sudan on Monday, 23rd June 2025, released its official daily exchange rates, showing that the South Sudanese Pound (SSP) continues to trade at a weak position against major international currencies. The latest rates reflect the country’s ongoing economic struggles amid inflation and currency depreciationContinue Reading
(Port Sudan) – Officials from Sudan and South Sudan have reached an agreement to continue cooperation on the transportation and processing of South Sudan’s oil through Sudanese infrastructure, following a high-level meeting between the two countries’ petroleum officials in Port Sudan on Sunday. The meeting was attended by South Sudan’sContinue Reading
(Juba) – The Central Bank of South Sudan (BoSS) has reduced its benchmark lending rate from 15 percent to 13 percent in a bid to ease the country’s ongoing liquidity crisis and support economic growth. The decision made during a meeting of the Monetary Policy Committee (MPC) is part ofContinue Reading
(Juba) – South Sudanese officials and citizens are expressing concern after reports emerged that the United States may have quietly deported foreign nationals, including individuals from countries like Vietnam, Cuba, and Mexico to South Sudan, a fragile state still struggling to stabilize after years of civil conflict. A U.S. federalContinue Reading
(Juba) – The Government of South Sudan has secured a total of $18,887,928 in foreign aid funding from international donors in 2025, aimed primarily at strengthening agriculture and responding to a worsening food security situation in the country. This funding comes amid ongoing challenges including flooding, climate-related shocks, and aContinue Reading
(Juba) – President Salva Kiir Mayardit departed Juba on June 22, 2025, for an official diplomatic visit to the United Arab Emirates (UAE), where he is expected to promote investment in South Sudan and strengthen bilateral relations with one of the region’s major economic players. The visit, according to theContinue Reading
(Juba) – The International Monetary Fund (IMF) and the Government of South Sudan have reached a staff-level agreement on a nine-month Staff-Monitored Program (SMP), set to begin in August 2025. The agreement is still subject to approval by the IMF’s management. The program is aimed at helping South Sudan rebuildContinue Reading
