, the Ministry of Finance, and the broader macroeconomic team to work in close coordination to stabilize the country’s economy.){kind=link}
President Salva Kiir Mayardit has directed the Bank of South Sudan (BoSS), the Ministry of Finance, and the broader macroeconomic team to work in close coordination to stabilize the country’s economy.
The directive came during the swearing-in ceremony of Johnny Ohisa Damian, who begins a third consecutive term as Governor of the Bank of South Sudan. President Kiir outlined three national priorities: peace and security, economic recovery, and the conduct of general elections, programs he said require full and sustained funding.
To support these goals, the President tasked the Central Bank to take the lead in confronting key challenges, including the liquidity crunch, weaknesses in the banking sector, and declining public confidence in financial institutions. He called for the implementation of disciplined and credible monetary policies to restore stability.
In his acceptance remarks, Governor Damian emphasized the need to diversify the economy by expanding non-oil revenue sources. He highlighted planned investments in a gold-purchase initiative aimed at boosting national revenues and reducing dependence on oil exports.
The Bank of South Sudan plays a central role in setting monetary policy, supervising banks, and safeguarding financial stability functions officials say are now at the core of renewed efforts to revive the economy.