IMF issues conditions to fund South Sudan

By David Mayen

The International Monetary Fund (IMF) says support to South Sudan’s ailing economy is pegged on the government’s willingness to open to an accountability probe.

The IMF wants President Salva Kiir’s government to account for past loans, prosecute the corrupt and improve financial discipline and transparency in use of public resources, especially earnings from oil.

While insisting on the conditions in a meeting with President Kiir and his Finance minister last week in Juba, IMF Director of African Department Abebe Selassie also acknowledged the financial constraints imposed on South Sudan by Covid-19, floods and the declining economy.

“In the coming weeks and months, we hope to support the government in its endeavours to make sure that important areas of accountability and reforms are addressed,” said Mr Selassie.

This article originally appeared in The East Africa.

Photo: AFP