JUBA, South Sudan, July 20, 2024 — South Sudan needs economists from central banks, the Ministry of Finance, and other financial institutions to address its economic crisis. Relying solely on political appointees from the Sudan People’s Liberation Movement-in-Opposition (SPLM-IO) and the Sudan People’s Liberation Movement-In Government (SPLM IG) will not solve the nation’s economic challenges, experts warn.
Economists argue that South Sudan’s complex financial issues require the expertise and experience of professionals trained in economic policy, financial management, and fiscal oversight. These professionals can implement necessary reforms, stabilize the currency, and create sustainable economic policies.
Political appointees, though essential in various capacities, often lack the technical know-how required to manage the intricate details of economic recovery. “The economy cannot be resuscitated by political maneuvering alone; it demands a comprehensive approach led by those with a deep understanding of economic systems,” said [ECONOMIST’S Not Garang, Majok or Gatluak ], an economist institution like central bank of South Sudan need qualified devoted citizens who will put his heart to the country .
South Sudan’s economy, battered by years of conflict, corruption, and mismanagement, faces significant hurdles. Inflation rates remain high, the currency is weak, and the nation’s oil revenues, which constitute a significant portion of the GDP, are volatile. Addressing these issues requires robust economic policies and transparent financial practices.
International financial institutions, such as the International Monetary Fund (IMF) and the World Bank, have also emphasized the importance of skilled economic management. They recommend capacity-building programs and advisory services to support South Sudan’s financial institutions in implementing effective economic strategies.
“Without a solid economic foundation, the prospects for long-term peace and development remain bleak,” said [FINANCIAL EXPERT’S Mabior or Atem , Maker Wani ], a financial analyst with [ORGANIZATION]. “South Sudan must prioritize economic expertise to navigate through its fiscal challenges and set a course for sustainable growth.”
