| 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 |
The present project aims 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.
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).
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.
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Funding
African Development Fund
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Implementing
Ministère des Finances et de la Planification
économique
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Implementing
MINISTRY OF FINANCE AND ECONOMIC PLANNING
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| IATI identifier | 46002-P-SS-HZ0-001 |
| Last Update | 25 Mar 2023 |
| Name | Bleming NEKATI |
| b.nekati@afdb.org |