PRESIDENT KIIR MEETS DELEGATION FROM WORLD BANK TO DISCUSS DEVELOPMENT PROJECTS
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President Kiir and the delegates from World Bank |
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President Kiir on Wednesday met with a delegates from the World Bank led by Vice President for Eastern And Southern Africa Region, Victoria Kwakwa to they talked about development projects, programs and peace agreement.
National Minister Of Finance And Economic Planning, Hon. Dier Tong Ngor also attended the discussion.
Hon. Dier Tong Ngor, said that the World Bank has been funding various projects in the fields of agriculture, energy, infrastructure as well as Economic Empowerment activities for vulnerable women.
Hon. Dier Tong Ngor stated that the government is committed to implementation of the Roadmap, adding that it will continue building strong partnership with the World Bank.
Victoria Kwakwa asserted that World Bank is commited to funding projects and programs to support South Sudan address its full potential.
Kwakwa also said South Sudan has enormous assets to achieve rapid economic growth and development for all the people.
She further revealed that International Finance Co-operation, "IFC" a member of World Bank will facilitate private investment to help the country achieve peace dividend.
The Bank Of South Sudan "BSS" has an outstanding liability to the QNB, amounting to US$627 million. Oil-related short-term loans have declined significantly, from an estimated US$338 million in March 2019 to US$99 million in June 2020.
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