Rédaction Africa Links 24 with umajulius
Published on 2024-03-15 07:08:24
On March 14, 2024, South Sudan’s Central Bank made a significant decision to expand the membership of its board by including minority faces from the ethnic Murle and Anyuak communities. This move was met with widespread approval from finance and banking experts, who commended Central Bank Governor James Alic Garang for his inclusive approach.
The decision to bring minority groups onto the board reflects the Central Bank’s commitment to diversity and empowerment. Governor Garang is also working towards including women and other minority groups in the banking sector as part of a broader effort to promote unity and economic development in the country.
During the swearing-in ceremony of Alangi Stephen Ogut as a non-executive board member, President Salva Kiir emphasized his dedication to empowering young people in South Sudan. Kiir expressed his confidence in individuals like Ogut, highlighting the importance of involving youth in key decision-making processes.
The ceremony, presided over by Chief Justice Chan Reec Madut and attended by officials such as Presidential Affairs Minister Joseph Bakosoro, marked a symbolic step towards youth empowerment and economic growth in South Sudan. The event took place at the presidential palace and underscored the government’s commitment to fostering a more inclusive and representative financial sector.
This development follows the Central Bank’s recent unveiling of measures to combat hoarding and stabilize the exchange rate. These initiatives are aimed at addressing the country’s economic challenges, including rising consumer prices and the precarious implementation of the 2018 peace agreement.
The government’s efforts to diversify the Central Bank’s board composition and increase representation from marginalized communities are a positive step towards promoting inclusivity and strengthening the country’s financial sector. By incorporating diverse perspectives and empowering young people, South Sudan is taking important strides towards fostering unity and driving economic development.
Overall, the Central Bank’s decision to expand its board membership reflects a broader commitment to diversity, empowerment, and inclusive governance. As South Sudan navigates complex economic and security challenges, initiatives like these will play a crucial role in promoting stability, resilience, and progress for the country and its people.
Read the original article on Sudan Tribune
