(JUBA) – The Bank of South Sudan has held new discussions with the World Bank as efforts continue to strengthen the country’s financial sector, improve governance within the central bank and support ongoing reform projects.
The World Bank Country Manager, Charles A. Undeland, met the Central Bank Governor, Yeni Samuel Costa, in Juba on Friday, 6 December 2025. The talks centred on the progress of current development programmes, including the South Sudan Sustainable Financial Sector Project, known as the 3SF Project.
Both sides discussed areas where cooperation could expand, especially the planned upgrade of the Core Banking System, which is expected to improve service delivery, data management and overall financial stability. Strengthening staff capacity was also a key part of the meeting, with the World Bank providing technical assistance and advisory support.
The discussions follow increased efforts by the Bank of South Sudan to modernise its operations and improve accountability across the institution. This includes a focus on stronger internal systems, improved information sharing and training for staff in regulatory and supervisory work.
In related developments, the non executive members of the Bank of South Sudan Board of Directors attended a training programme on organisational culture on Friday, 5 December 2025. The session was organised as part of a wider plan to build a more effective and unified institutional environment often referred to internally as the “One Bank, One Family Spirit”.
The training aimed to ensure that conduct, decision making and professional standards reflect the core values of the central bank, which include accountability, transparency, professionalism, excellence and teamwork. The initiative is part of continuous efforts to strengthen the leadership of the institution and improve compliance with the Bank of South Sudan Act of 2011, which was amended in 2023.
As the highest governing body of the central bank, the Board is responsible for reviewing policies and guiding reforms that support stability in the financial sector. A stronger organisational culture is seen as an important step in making sure that internal systems support the wider mission of safeguarding monetary and financial stability.
The two developments come at a time when South Sudan is working to address inflation pressures, improve banking supervision and restore market confidence. The central bank’s cooperation with the World Bank is viewed as an important pillar in these reforms, especially as the country seeks to modernise its financial infrastructure.
No local currency figures were provided in the statements. For reference, the current market exchange rate in December 2025 places one United States Dollar at 7,100 South Sudanese Pounds (SSP).
The initiatives at the central bank signal a continuing shift toward improving institutional performance and building credible systems that can support South Sudan’s economic goals. The upcoming reforms, particularly the upgrade of major financial platforms and increased capacity building, are expected to play a central role in this work.
| Topic | Details | Key People | Dates | Business Relevance |
|---|---|---|---|---|
| World Bank meeting with Bank of South Sudan | World Bank Country Manager meets BoSS Governor to discuss cooperation, 3SF Project, Core Banking System upgrade, and staff capacity building | Charles A. Undeland (World Bank), Yeni Samuel Costa (BoSS Governor) | 6 December 2025 | Signals ongoing reforms in South Sudan’s financial sector and possible support for system upgrades and financial stability |
| BoSS Board training on organisational culture | Non executive board members attend training on strengthening institutional culture within the central bank | BoSS Board of Directors | 5 December 2025 | Strong governance and culture improvements support credibility, policy implementation, and investor confidence |
| Purpose of training | Promote “One Bank, One Family” approach; reinforce values: accountability, transparency, professionalism, excellence, teamwork | — | — | Better governance can improve financial regulation and stability |
| Legal framework referenced | Bank of South Sudan Act 2011, amended in 2023 | — | — | Provides structure for policy, oversight and alignment with national financial goals |
| Project referenced | 3SF Project under discussion with World Bank | — | — | Linked to financial sector strengthening and systems modernisation |
