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International Monetary Fund. African Dept.
South Sudan is a very fragile post-conflict country. After five years of civil conflict, the warring parties came to an agreement for power-sharing in September 2018 and formed a unity government in February 2020. However, peace remains fragile in the face of difficult humanitarian and economic conditions. Already very high levels of poverty and food insecurity have been exacerbated by severe flooding in recent months. The floods (the worst in 60 years) have killed livestock, destroyed food stocks, and damaged crops ahead of the main harvest season. South Sudan’s economy has been hit hard by lower international oil prices following the COVID-19 pandemic.
International Monetary Fund. African Dept.

1. The Revitalized Agreement on the Resolution of the Conflict in South Sudan (R-ARCSS) rekindled the peace process and state building. After five years of civil conflict, the warring parties came to an agreement for power-sharing in September 2018. Notwithstanding some delays, the main milestones have been met with the formation of the unity government in February 2020, the agreement on the number of states and the appointment of ten state governors. The peace-building process has been tentative though, owing to factional differences.

International Monetary Fund. African Dept.

1. Our South Sudanese authorities appreciate the constructive engagement with Fund staff during the recent mission negotiations. They seek Executive Directors’ support for their request for a Staff-Monitored Program (SMP) and a second disbursement under the Rapid Credit Facility (RCF-2). The SMP and RCF-2 are essential to catalyze critical donor support and help address the country’s pressing financing needs.