All data is delayed
See More

South Sudan becomes IMF member

Apr 19 2012 08:18
Washington - The International Monetary Fund said on Wednesday South Sudan had become the institution's 188th member country, giving it access to IMF loans and technical assistance.

"South Sudan faces enormous challenges, and the IMF will do its best to assist the country in setting up the foundations for economic stability and growth in the period ahead," IMF managing director Christine Lagarde said.

South Sudan became independent last July, under a 2005 peace agreement that ended decades of civil war with Sudan in the north.

It has been struggling to tackle an economic crisis and contain tribal and rebel violence. Peace with Khartoum remains uneasy, with the north and south deadlocked over oil transit fees.

The IMF said it was providing technical help and training for South Sudan government officials. It was also coordinating with donors on a trust fund to help the country. Oil makes up 98% of state revenues in South Sudan, one of the world's least developed countries.
imf  |  south sudan  |  oil production  |  africa economy



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote