INTERNATIONAL COMMUNITY INCREASES FINANCIAL SUPPORT FOR SOUTH SUDAN Wednesday, 17 April 2013 14:07 |
The international community pledged to increase its financial support to South Sudan at the end of the Economic Partners Forum held on Tuesday in Washington DC, USA. The forum gathered ministers and senior representatives from more than 40 countries and international organizations to discuss how the country managed its budget crisis and to review the fiscal and economic strategy. National finance minister Kosti Manibe led the Government delegation. Mr Kosti told the forum that many shocks affected South Sudan over the past 20 months: loss of oil revenue, conflict, food shortages and the arrival of 200,000 refugees. He added that although some observers did not expect South Sudan to survive those shocks, the Government, with resolve, discipline and prudence, overcame the most pressing challenges. Mr Kosti promised improved governance to tackle development priorities, improve the business environment, protect civil liberties, and increase the wellbeing of its people. The Ministry of Finance said in a statement that partners congratulated the Government” for its prudent management of the budget and economy over the past year.” They asked for continued prudence, good governance, and increased transparency together with continued progress in protecting civil liberties and improving accountability. The European Union, International Monetary Found, African Development Bank, World Bank, UK, Netherlands, Norway and other countries promised to put together 300 million dollars to add to 1.3 billion already pledged by donors this year. Partners also offered to organize a conference for foreign investors later in the year to boost the private sector and create jobs. Next > -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
