S\u00e3o Paulo \u2013 This Friday (16th), the managing director of the International Monetary Fund (IMF), Christine Lagarde, said South Sudan has \u201cgreat potential\u201d to realize the dreams and aspirations of its people, however it is faced with \u201cformidable challenges.\u201d After meeting with the country\u2019s president, Salva Kiir, in Washington, Lagarde said the nation, which has become independent in July this year, after separating from Sudan, will receive aid from the Fund in order to establish its institutions.<\/p>\n
\u201c\u201cSouth Sudan faces formidable challenges, including ensuring economic stability, building institutions to support sustained growth and managing oil revenue wisely,\u201d she said. The fund\u2019s managing director said she is encouraged by the measures the country has adopted lately in managing its central bank and public finance.<\/p>\n
South Sudan is not yet a member of the Fund, which it should formally become in early 2012. Still, the IMF maintains partnerships with the government to train public servants in tax and customs administration, public financial management, oil revenue and foreign reserves management, central banking and financial supervision, as well as macroeconomic statistics. IMF technicians should provide support to South Sudan over the next three years in statistics as well.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
After meeting with the president of the world\u2019s newest country, the International Monetary Fund\u2019s managing director claims, however, that the nation is able to realize the dreams of its population.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-40186","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"After meeting with the president of the world\u2019s newest country, the International Monetary Fund\u2019s managing director claims, however, that the nation is able to realize the dreams of its population.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=40186"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40186\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=40186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=40186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=40186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}