South Sudan seeking public-private partnership to tackle economic crisis

[Elisabeth Janaina]

South Sudan seeking public-private partnership to tackle economic crisis

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February 15, 2017 (JUBA)- The South Sudanese government said it is
seeking cooperation of the private sector and other stakeholders to
avert the deteriorating economic

JPEG - 13.2 kb
South Sudan’s finance minister, Stephen Dhieu Dau, speaks in Juba, 23
July 2013 (Photo: Larco Lomayat)

Finance minister Stephen Dhieu Dau said his ministry looks forward to
working together with the private sector to develop strategies aimed
at addressing the situation.

“We have been meeting with different stakeholders since my
appointment, because I want them to contribute to addressing this
economic situation. The government has ideas, it has policies in place
but it is also important we hear what others are saying," Dau told
reporters in the capital, Juba on Wednesday.

"This is very important because addressing such a situation requires
inputs from different stakeholders and this is why it is important to
partner with the private sector to do what’s good for the economy and
for our people”, he added.

According to Dau, the finance ministry is closely working with the
country’s Central Bank governor to reduce the exchange rates of the
U.S. dollar against the local currency to improve the economy and
reduce inflation.

He said the two institutions will work to find a solution to swelling
prices of essential commodities at the market, stressing that the two
institutions will have to embark on harmonized and coordinated work.

“You know that the governor of central bank with his team and I with
my team met on Thursday last week and held a very important meeting in
which we have agreed to reduce the exchange rates of the US dollar,
either to fix it or by injecting more hard currencies so as to
increase the supply,” said Dau.

The minister said his institution would exert every effort to try to
improve the situation, though it would require time and patience to
address it.

“The president and the government are committed to addressing this
situation and because of this commitment we would like to assure our
people that yes, our economy is experiencing difficulties, but the
issue will take time and patience. The situation will not be
automatically resolved. It will take time and this is why it is
important for our people to be tolerance”, he appealed.

Investors’ confidence has sunk since the eruption of the conflict in
South Sudan in December 2013, resulting in unprecedented fiscal woes
which appear to have been worsened by the decline in oil prices and
drop in global oil prices.

(ST)

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16 February 04:49, by lino

The important thing is to stop war and seek international help to
attract investors; then the government should start creating stable
income rather than oil, and that means building roads, schools, and
medical services.
Every South Sudanese should have a farm to feed himself.

repondre message
16 February 05:28, by Tilo

Government of SS already know what the problem is. Therefore end
the war to solve the problem. Generate more gov’t institution to bring
more income. Stop corruption and those who steals money from President
& council of state office should be arrested and held accountable.
Invest in Agriculture. Stabilize the insecurity in the country.
Investors will come back and life will be normal once again

repondre message
16 February 05:56, by Gatluak jal

Two of you are absolutely right: SS has been looted be Pagun
Mun, Majok Agot, Nyadeng Garang D Mabor, even recently, General Thomes
C. has looted Military equipment’s for personal purposes and after he
knew that he will be investigated, He decide to run way and accusing
president kirr of wrong doing. The so-call SPLA-IO is organization
with bunch of criminal and they should be through to justice

repondre message
16 February 06:10, by Gatluak jal

right now, SS need peace not the war. it’s very shameful for
our leaders always stealing public money and after they realize they
committed a crime they will decide to joint rebel as save heaven for
them. if you look the history of those, who claimed to be the leader
of SPLA-IO, the majority of them are most corrupted people in SS. For
instance, Pagun has been accused of taken $3.2m US dollar.