Sustainable Social Economic Empowerment
South Sudan
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✰ Oil prices have recovered to pre-pandemic levels, following the steady rise in international oil prices to about $83 a barrel. South Sudan's
fiscal position is expected to improve into Q4 2021 given the increasing oil revenues. Oil revenue finances 85% of the government budget.
❖ The country is expected to continue growing its portfolio of international support. For example, South Sudan has just been allocated $334
million by the IMF in Q4 2021 as part of the Special Drawing Rights (SDRs) which has resulted in more funds for budgetary support. Its
current World Bank Public Financial Management reform program should create opportunities for the achievement of faster, more
inclusive growth in the near and medium term.
❖ The Central Bank of South Sudan and the Ministry of Finance & Planning, in late September 2021, signed a memorandum of understanding
aimed at building economic cooperation between them. We expect this to address the public financial management reforms process better
in 2022.
❖ However, some downside risks in Q4 2021 include;
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Further breach to the peace accord would jeopardize gains achieved with the development partners.
A surprise significant fall in oil price would pose budget execution challenges to the government.
Continued civil unrest following the military coup in the neighboring Sudan may disrupt oil export flow.View entire presentation