South Sudan - Regional Development Finance Institutions (African Trade Insurance Agency (ATI) and Eastern and Southern African Trade and Development Bank (TDB)) – Country Membership Programme


Project Summary

Approval Date 12 Apr 2017
Signature Date 22 May 2017
Planned Completion Date 31 Dec 2018
Last Disbursement Planned Date 30 Jun 2018
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 13,379,999.72
Status Completion

Project General Description

The purpose of this project is to strengthen South Sudan's capacity by providing the financial resources necessary to join the Trade and Development Bank (TDB) and the Africa Trade Insurance Agency (ITA) to be able to mobilize a significant amount of foreign direct investment (FDI), while providing greater insurance coverage for the public and private sectors to support its economic recovery efforts. This contribution to South Sudan will help scale up the African Development Bank's interventions to support the country's recovery and combat some of the factors that contribute to the fragility of the economy. Indeed, the investment climate in South Sudan is not conducive, mainly due to insecurity, lack of infrastructure, lack of access to long-term, low-cost financing for the shortage of skilled labor compared to the rest of the region and poor corporate governance, which weighs on the public and private sectors. The duration of the proposed project is 15 months (April 2017-June 2018). It consists of the following two components: (i) TDB Membership; and ii) ITA membership. Thus, the expected results of this project include: (i) increased private sector participation in major projects through ITA support; and (ii) the development of intraregional trade and increased cross-border investment. In addition, South Sudan's membership of the ITA will support the creation of an integrated and enhanced Trade Finance (FC) and Private Investment Risk Underwriting Framework in the country by the ITA. . Another expected result of the project is the strengthening of South Sudan's capacity to attract FDI, as the political and credit risk situation has improved.

Project Objectives

The main objective of the proposed intervention is to provide the Government of the Republic of South Sudan (GRSS) with the necessary resources to join the Africa Trade Insurance Agency (ITA) and the Bank of Commerce. and Development (TDB).

Beneficiaries

South Sudan will be the immediate beneficiary of the program, which will ultimately indirectly benefit the South Sudanese private sector and, by extension, all citizens, as it will stimulate job creation for both young people and young people. women, trade and inclusive growth.

Participating Organization

Funding
African Development Fund
Implementing
Ministère des Finances et de la Planification économique

Information

IATI identifier 46002-P-SS-HZ0-001
Last Update 31 Oct 2019

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Contact Details

Name NEKATI Bleming
Email b.nekati@afdb.org

Geographic Location

Country South Sudan