(JUBA) – The Bank of South Sudan has completed a two day strategy validation workshop on the diagnostic studies of the national economy under the World Bank supported Strengthening South Sudan Financial Sector Project.
The meeting took place in Juba on 13 November 2025 and brought together key groups from across the financial industry to review findings and agree on priority reforms.
The Acting Governor of the Bank of South Sudan, Rita Nyankiir Akoon, said the work done during the meeting should move into action without delay. She stressed that the recommendations can help guide the country toward stronger financial stability and steady economic growth if the measures are applied with commitment.
Majok Mading, the Director General for Supervision and Regulation, said the diagnostic study offers a clear guide for the next steps in policy direction and institutional reform. He explained that the findings will help shape a modern and more secure banking system that supports the wider economy.
Participants included commercial banks, the South Sudan Bankers Association, mobile money operators, insurance firms and officials from several government institutions. Their discussions covered financial inclusion, digital services, oversight, and the need for improved coordination between regulators and the private sector.
The workshop ended with the adoption of the draft diagnostic report and the financial sector development plan. These documents will form the basis for future reforms under the Strengthening South Sudan Financial Sector Project.
The plan is expected to influence areas such as digital banking, payment systems, regulation, market confidence and access to credit for businesses across the country. No financial figures were announced during the meeting.
BOSS Strategy Validation Workshop on Financial Sector
| Details | |
|---|---|
| Event | Strategy Validation Workshop on Diagnostic Studies of South Sudan’s Economy |
| Dates | 12–13 November 2025 |
| Location | Juba County, South Sudan |
| Organiser | Bank of South Sudan (BOSS) |
| Supporting Project | Strengthening South Sudan Financial Sector (3SF), World Bank supported |
| Key Officials | Hon. Rita Nyankiir Akoon, Acting Governor, BOSS; Dr. Majok Mading, Director General for Supervision and Regulation |
| Participants | Commercial banks, South Sudan Bankers Association, mobile money operators, insurance firms, government institutions |
| Main Objective | Review diagnostic studies, validate strategy and adopt development plan for the financial sector |
| Key Outcomes | Adoption of draft diagnostic report; Financial Sector Development Plan approved for implementation |
| Focus Areas | Financial inclusion, digital banking, regulation, market confidence, access to credit, institutional reform |
| Expected Impact | Improved financial stability, stronger regulatory framework, enhanced economic growth and service delivery |