Juba, South Sudan, June 25, 2012 – IFC,
a member of the World Bank Group, is training bankers in South Sudan to
help them understand and introduce credit and trade finance products that
will support the growth of small and medium sized enterprises in the country,
encouraging job creation and a stronger economy.
IFC and the South Sudan Business Forum organized a five-day training program
attended by representatives from 15 banks, including the Central Bank of
South Sudan. The training is the first of a planned series of initiatives
designed to increase access to finance for smaller businesses in South
Sudan, which often lack the financial support they need to grow.
IFC’s Director of Easter and Southern Africa, Jean Philippe Prosper, said,
“These partnerships will support the growth of smaller businesses in South
Sudan, giving them the chance to grow, plan ahead, and hire more employees.
Working with local banks to help them develop products and enhance services
for smaller businesses is a major focus of IFC’s work in Africa.”
Director General for Supervision, Research and Statistics of the Central
Bank of South Sudan, Daniel Kech Puoch, said, “Micro and small businesses
are the backbone of every economy and we believe that developing and equipping
our bankers with the skills to better serve this segment will have a positive
impact on the economic development of South Sudan.
The training was organized by IFC’s Africa Micro, Small and Medium Enterprise
Program, which supports commercial banks seeking to establish or expand
their MSME banking services while maintaining or improving the quality
of their portfolio. Since 2006, the program has provided advisory services
to and invested more than $100 million in 22 banks in 16 countries across
The training also included a session from IFC’s Trade Finance program.
IFC is supporting private sector development in South Sudan and in seven
other countries in sub Saharan through its Conflict Affected States in
Africa (CASA) Initiative. CASA helps countries recovering from conflict
create the right conditions for business growth and supports small and
medium enterprises. In South
Sudan, IFC is helping iattract investment
and is facilitating public-private partnerships to spur infrastructure
IFC, a member of the World Bank Group is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, providing
advisory services to businesses and governments, and mobilizing capital
in the international financial markets. In fiscal 2011, amid economic uncertainty
across the globe, we helped our clients create jobs, strengthen environmental
performance, and contribute to their local communities—all while driving
our investments to an all-time high of nearly $19 billion. For more information,
About the South Sudan Business Forum
South Sudan Business Forum is a Public Private Dialogue. It is a forum
for structured consultation between public and private sector on issues
affecting the growth of the economy. Major issues discussed are related
to policy, legal frame work, administrative issues which impact on the
development of private sector. It has the Annual Summit as the overall
organ, and governing board. It is facilitated by a secretariat.