IMF approves $114.8m emergency funding to South Sudan
The International Monetary Fund has approved an immediate disbursement of $114.8 million to the government of South Sudan. PHOTO | OLIVIER DOULIERY | AFP
The executive board of the International Monetary Fund (IMF) has approved an immediate disbursement of $114.8 million to the government of South Sudan to help it address the urgent balance of payment needs arising from the rising food insecurity and declining forex reserves.
Four consecutive years of intense flooding and the falling-out from Russia’s war in Ukraine and on the heels of the Covid-19 pandemic, have exacerbated an already dire humanitarian situation in South Sudan.
