World Bank Reviews Performance of Bank of South Sudan
By Kidega Livingstone
The World Bank, through Ernst & Young (EY), has conducted a review of the Bank of South Sudan’s performance under the Strengthening South Sudan’s Financial Sector (3SF) project. The high-level assessment involved meetings between EY officials and Central Bank staff to evaluate how the institution has been performing.
The 3SF project, launched in December 2023, is an US$18 million initiative funded by the World Bank and managed by the Central Bank of South Sudan. Its goal is to strengthen the country’s financial sector by improving institutional capacity, enhancing financial infrastructure, and developing a robust regulatory framework. The project is scheduled to conclude in September 2028.
According to officials, the project is crucial for boosting investor confidence, encouraging private sector growth, and helping shift South Sudan’s development focus from emergency relief to long-term advancement.
In a press statement seen by Juba Echo, the First Deputy Governor of the Bank of South Sudan, Samuel Yanga Kikaya who also chaired the meeting described the review activities as a “good and excellent event” that will help the institution improve its operations.
“We are now clearly seeing our institutional gaps and what is required to improve operations. I thank the team for their excellent work,” Yanga said.
Among the departments assessed, the Directorate of Banking Supervision and Financial Stability was identified as the top performer in leadership. The assessment praised it as central to regulatory oversight and maintaining financial stability.
This review forms part of the broader 3SF project’s efforts to develop institutional capacity and improve the overall performance of South Sudan’s financial sector.
