Economic Conference on South Sudan

Media Note
Office of the Spokesperson
Washington, DC
August 16, 2012

On August 15, the U.S. Department of State, Department of the Treasury, and U.S. Agency for International Development convened a one-day meeting between a ministerial delegation from the Government of the Republic of South Sudan and major international donors and financial institutions in Washington, DC. The meeting, which included participation from the U.K., Norway, European Union, the United Nations Development Program and United Nations Mission in South Sudan, the World Bank, International Monetary Fund, and the African Development Bank, focused on the South Sudan economic and humanitarian situations, and implementation of the oil agreement made with Sudan earlier this month.

The South Sudanese delegation made a comprehensive presentation on their economic situation and their ongoing austerity and reform measures, and the participants agreed to work together to help South Sudan address short term financial issues as it prepares to resume oil production.

PRN: 2012/1319