(JUBA) – The Bank of South Sudan has launched a new communication strategy for the South Sudan Financial Sector Strengthening Project, known as 3SF, in an effort to improve transparency, public engagement and the flow of information across the financial sector.
The strategy was introduced on Tuesday in Juba and is intended to support ongoing reforms within the central bank and the wider financial system.
Project Coordinator Atem Bul said clear communication is vital for strong institutional performance. He explained that good communication helps build clarity, improves coordination and supports accountability at all levels. He added that it also connects the Bank of South Sudan with the public and other stakeholders.
The Director of Communication and Public Relations, Majok Nikodemo Arou, said it is important for institutions to reach audiences in an effective and inclusive way.
He noted that communication is a natural part of daily practice and remains essential for engaging staff, partners and the wider public.
The consultant for the project’s communication component, Dr James Oranga, presented the framework that will guide the strategy.
He said it is designed to keep key groups well informed, including policymakers, development partners, commercial banks, microfinance institutions and the public.
He said regular updates on activities and progress will help support confidence in the financial sector and strengthen stability.
The 3SF Project is a five year programme supported by an $18 Million grant from the World Bank.
This is equal to about SSP 127.8 billion at the current market rate of SSP 7,100 per Dollar.
The initiative aims to modernise the Bank of South Sudan through stronger supervision, improved regulation, an upgraded core banking system and better financial infrastructure.
Officials at the launch said the project will also help expand access to financial services and support sustainable economic growth in the country.
Bank of South Sudan Targets Better Information Flow
| Detail | |
|---|---|
| Project | South Sudan Financial Sector Strengthening (3SF) |
| Support | 18 million USD (about 127,800,000,000 SSP) |
| Duration | Five years |
| Main Areas | Supervision, regulation, core banking upgrade, financial infrastructure |
| Key Aim | Better communication and stronger public engagement |
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