Hon. Stephen Dhieu Dau Concludes The IMF And The World Bank 2017 Spring Meetings Successfully
Greetings from Washington D.C. USA, April 24, 2017
The delegation of the Government of the Republic of South Sudan led by Hon. Stephen Dhieu Dau, Minister of Finance and Planning, comprising of senior officials from the Ministry of Finance and Planning and the Bank of South Sudan has concluded various multilateral and bilateral meetings at the sidelines of 2017 Spring Meetings of International Monetary Fund (IMF) World Bank Group (WBG), in Washington D.C. USA.
According to Hon. Stephen Dhieu Dau, Minister of Finance and Planning and the team leader, the delegation had successful engagements with relevant officials representing various departments in the IMF and the WBG, including at senior levels, such as the meeting with the Deputy Managing Director for IMF and Vice President for Africa of WBG.
The delegation also had bilateral meetings with senior officials from the US – State Department and 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 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 (Only Fifty Million US Dollars) 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.
Also one of the important meetings held by Hon. Stephen Dhieu and the delegation was with the Japan International Cooperation Agency (JICA) delegation led by Mr. Hiroshi Kato, Senior Vice President who promised to continue supporting the Government of South Sudan in various programs.
The Japan International Cooperation Agency (JICA) has been supporting developmental projects in South Sudan since before the Independence of South Sudan in 2011. JICA has worked in partnerships with the Government of South Sudan for the peace and development of the country to promote inclusive and dynamic development for peace and unity, JICA is implementing its programs in four focus areas in South Sudan which includes “Improvement of basic economy and social infrastructure, Development of alternative industries, Improvement of basic living and livelihood Strengthening governance and security”.
Hon. Stephen Dhieu and the delegation also met with the Sudan delegation headed by the Minister of Finance and National Economy H. E. Bader Eldin Mahmoud. The meeting focused on operationalization economic issues stipulated in the cooperation agreement, 2012.
The Spring Meetings of the World Bank Group and the International Monetary Fund each year bring together central bankers, ministers of finance and development, private sector executives, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial system. This year’s Spring Meetings events took place in Washington, DC, from April 17-23, 2017.