JUBA —The World Bank approved $34 million in International Development Association (IDA) grant financing to support a new five-year Public Financial Management (PFM) and Institutional Strengthening Project (PFMISP) in South Sudan. The project aims to advance public financial management reforms, strengthen key oversight institutions, and improve budget transparency and PFM outcomes in the country.
The project specifically aims to improve the preparation of the national budget and associated implementation processes. Additionally, the project will support the implementation of key PFM and governance reforms — as outlined in Chapter IV of the 2018 Revitalized Agreement on the Resolution of the Conflict in the Republic of South Sudan (R-ARCSS) and its commitments under the International Monitoring Fund’s Staff Monitored Program (SMP).
“This project is consistent with the World Bank Group’s (WBG) Country Engagement Note for South Sudan covering 2021-2023 which emphasizes the importance of building the country’s institutional capacity at both the national and local levels, fostering greater accountability and transparency in government institutions, and strengthening citizens’ confidence in the ability of the government to deliver essential services,” said Firas Raad, World Bank Country Manager for South Sudan.
This is the first World Bank-financed project since 2018 that will be fully implemented through government systems under the leadership of the Ministry of Finance and Planning.
The project is designed to strengthen capacity in central and state-level PFM agencies and consists of four components: strengthening budget preparation processes; strengthening the transparency and predictability of budget implementation and procurement for priority spending areas; supporting institutions, capacity development and facilitating PFM reform; and improving project management and learning.
“Alongside foundational activities to help rebuild the country’s PFM, procurement, transparency and accountability systems, this project will help strengthen service delivery systems in key sectors. It will also enhance the capacity of civil servants working in PFM and procurement, and will reinforce channels of communication between the government and its citizens,” said Nicola Smithers, World Bank Practice Manager for Governance in Eastern Africa.
South Sudan’s national and state governments will benefit from improvements in budget management across the country. The project complements existing and upcoming World Bank operations, and aspires to contribute to the ongoing transition to government-led implementation of World Bank financed projects.
“We are working with our partners including the World Bank on the PFM reform agenda to improve our processes for budget preparation and budget implementation. We also seek to improve our cash management processes, procurement system, and audit procedures. Implementing these policies will help us to improve the efficiency of public spending, to enhance fiscal accountability, and to strengthen the channels of communication between the government and citizens – thus implementing some of the critical PFM reforms that are essential to reviving our economy and consolidating our internal peace process,” said Agak Achuil Lual, Minister of Finance and Planning for the Republic of South Sudan.
“World Bank approves $34 million to support financial reforms in South Sudan”
Sudans Post, only a fool on this planet earth would ever dare touch anything to do with’;the world Bank, the IMF, their other subsidiaries and scams’ with 20 foot pole
When we always tell our elders the facts, that ‘the US and her little vampires in Europe—–the so-called Western nations’ have been caught with their pants down. They have shown their devil and evil vampire teeth in ‘Russia federation and Ukraine. All the so-called Western countries are now fighting Russia by their weapons to Ukraine and economically sanctioned Russia. And the so-called Western countries deluded psyche—–they expect the rest of world to watch the pack of wolves maul down the Russian people.
But the so-called western countries are just letting their balls carried them away these days. The vultures have been aggressively courting to be of their client state, but we are not having vultures (the US and the so-called western countries’ criminals). As I posted a lot of times, all the African countries have long since extricated themselves from ‘the world Bank, the IMF, their banking cartels and scams’
These days, the vermins/parasites/viruses/pest have gone to their usual propaganda, that African countries are being burdened with the Chinese debts or that African countries are being colonized by China, Oh really? Their countries countries are heavily indebted to China, but with the usual European and their US attack dog’ hypocrisy——‘look there, don’t look here’. Their countries are the ones which are being be colonized by China if China was so desperate to colonize any country——why China would want to go war with any of these so-called Western countries, when China can just their damned US and their countries?
The so-called Western countries and their NATO mafia enforcer are living on fairy tales or fantasies or parallel universe. All South American countries are not the so-called western countries allies, All African countries’ are not the so-called Western countries’ allies. their only allies their evil juus (so-called israel) attack dog and their gulf Arab states’ terror exporters in Middle East’ they are going to be destroyed with them. In Asia, Only Japan and South Korea are their allies, but they will roll over and kick the devil and evil emperor at on the arse, when other countries in region devil and evils on arse.
In Pacific, only Australia is their only staunch ally, but some Australians are getting tired the devil and evil emperor endless wars, they are ones who always fight for the devil and the evil emperor. These are the facts, the low lives in the US and Western Europe don’t know. Their NATO will be destroyed militarily, second financially and third pure HATRED and RACISM. No country will be using the US dollars, Here in Africa, no country will be selling anything to US and Western European countries. Iran will not sell it European countries, but China, Venezuela, Brazil and other South African and Caribbean countries know the game better. With Russia federations, those sanctions are nothing, they will continue trade with other with no worries at all. Here in East Africa, Djibouti and Kenya, must get rid of the US army base. In West Africa however, where the US and the Western countries always criminals who let them into their countries. Nigeria with it oil reserve, should not sell it to US or European countries.
The so-called Western countries and the US have been using sanctions against other countries for ages. Let devils and evils taste the bitter pills they always squeezed onto other people and their countries’ throats. The so-called Western countries and their NATO mafia enforcer expansion throughout the world is simply to build a devil and evil emperor. But the Russian Federation don’t want to be Western European and their NATO enforcer client state. The so-called Western countries and their NATO mafia enforce just encroached Eastwards and they wanted Russia Federations, to roll over and go under the so-called Western Countries and their NATO enforcer, but the Russian people have other ideas, they say, that is not going to happen.
After end of then USSR empire, the so-called Western countries banking cartels just rushed there and then went and set up their ‘banking shops’ and those banking shops they set up long 30 years ago, are what the so-called Western countries Mafia often use as black mails or threat of sanctions against Russia federations. Master Card and Visa were the latest, issued to not trade with Russia.
All the so-called technology companies have been asked to stop their business in Russia. Just look how these so-called Western Countries mafia and their NATO mafia enforce are?!!
For all I care, the devil and evil emperor had been challenged>>>>>