The Government of South Sudan, through its Ministry of Finance and Economic Planning, has taken a significant step by signing a Memorandum of Understanding (MOU) with the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI). This strategic move is aimed at qualifying South Sudan for membership in MEFMI, which will ultimately enhance the country’s economic stability despite challenges such as high inflation rates and exchange rate volatility.

The Macroeconomic and Financial Management Institute is a regional initiative focused on supporting financial institutions through capacity building and systematic management. The signing ceremony was attended by the Deputy Minister of Finance and other key stakeholders in the ministry.

This comprehensive MOU is expected to help South Sudan recover from its ongoing economic difficulties. The country has been grappling with economic fallout due to prolonged conflict, resulting in widespread poverty and unemployment. These challenges have made it difficult for the youth to envision a prosperous future, even though South Sudan possesses significant oil resources.