
08/10/2024
The Bank of South Sudan on Tuesday launched a project worth 18 million U.S. dollars to strengthen the institutional and supervisory capacity of the Bank to promote financial integrity.
A 5-year project financed by the World Bank Group aimed at strengthening the capacity of the apex bank and other affiliated institutions to track money laundering and terrorism financing.
Speaking during the launch in Juba on Tuesday, Dr. James Alic Garang, Governor of Bank of South Sudan said the project’s main objectives include investing in strengthening the regulator.
“The Strengthening South Sudan Financial Sector (3SF) project, will enable us to modernize the bank, and at the same time to strengthen the broader financial sector in the country,” said Garang.
For his part, Maryam Salim, World Bank Country Director for South Sudan said the fund will go a long way in supporting economic development and stability.