Troika calls for economic reforms in South Sudan

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Troika, United States of America, United Kingdom, and Norway call for economic reforms in South Sudan.

Troika in a statement CRN got over the weekend, said more needs to be done to South Sudan’s economic management as it is a critical time for the reform process.

The countries stressed the importance of continuing and strengthening the current reforms, which will demonstrate the government’s commitment to the process and enhance trust with international partners.

“We urge the Government of South Sudan and those now charged with leading economic recovery to continue such reforms, in line with R-ARCSS and South Sudan’s commitments under the IMF Staff Monitored Program”, Troika said.

It stresses that continued respect for the moratorium on incurring new non-concessional debt will spare ordinary citizens the burden of higher taxes or reduced public spending in the future.

Troika emphasizes that sound monetary policy is key to maintain low inflation and a stable exchange rate to help shield the people of South Sudan from rising prices.

It looks forward to providing continued support to the government of South Sudan, including recent appointees, on enhancing transparency and accountability for the benefit of all South Sudanese.

Troika reiterates its commitment to a peaceful and prosperous South Sudan, where the population benefits from public services.

It looks forward to work with the new appointees in advancing and deepening Public Financial Management reforms