South Sudan: IMF reviews Juba’s readiness for new financing

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Sptember 05, 2024 | 10:50 PM ET |

The International Monetary Fund (IMF) is reviewing the preparedness of the South Sudanese Government to benefit from a new financing plan ahead of the November 15 compliance deadline, highlighting the fund’s commitment to Juba’s economic, governance and political reform agenda.

An IMF team led by Mame Astou Diouf visited Juba from September 25 to October 2 to hold discussions with the authorities on the third review under the Staff-Monitored Programme with Board Involvement (PMB).

“Discussions to underpin the completion of the third review of the Staff-Monitored Program with Board Involvement will continue in the coming weeks.”

The PMB framework was developed by the IMF in 2022 to benefit countries that are subject of an ongoing concerted international effort by creditors or donors to provide substantial new financing or debt relief or have significant outstanding IMF credit under emergency financing instruments.

IMF staff monitored programs are usually used when an IMF member country is unable to implement an IMF-supported program