By SUDAN TRIBUNE
March 14, 2024 (JUBA) – South Sudan’s Central Bank has expanded membership of the board, bringing on board minority faces from the ethnic Murle and Anyuak into the financial institution.
The decision was widely welcomed, with analysts with knowledge and expertise in finance and banking lauding the inclusive approach pursued by the Central Bank Governor James Alic Garang.
The Central Bank, under the new governor, is also seeking to include women and minority groups into the banking sector as part of the effort to empower and forge unity of purpose in the country.
While swearing-in Alangi Stephen Ogut, a non-executive board member of the Central Bank on Thursday, President Salva Kiir pledged to continue empowering young people in the country.
Kiir, the state-owned television (SSBC) reported, said he was confident in young people like Ogut.
The statement described the ceremony, administered by the Chief Justice Chan Reec Madut, as symbolizing “a step towards youth empowerment and economic development in South Sudan”.
The Presidential Affairs, minister Joseph Bakosoro, the Central Bank governor and other senior officials from the bank and finance ministry attended the function held at the presidential palace.
The move comes days after the Central Bank unveiled measures to curb hoarding, a strategy aimed at controlling the exchange rate amid rising consumer prices in a country grappling with a raft of issues spanning economic, security and shaky implementation of the 2018 peace agreement.
(ST)
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