www.agtechdaily.com
No Result
View All Result
  • Login
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability
Contact
ABOUT US
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability
No Result
View All Result
www.agtechdaily.com
No Result
View All Result
Home Announcements

World Bank projects 1.2% economic growth in S. Sudan, urges gov’t to invest in job creation

Admin by Admin
April 13, 2022
Reading Time:2min read
0
Buy JNews
ADVERTISEMENT


RELATED POSTS

Jammu and Kashmir Govt to invest in MAPs on 5000 kanals of land spread across 28 clusters | Indiablooms

Raj tops in solar-power pump installations in agri sector in India

Georgian PM, Agriculture Minister discuss farmer credit, irrigation projects for 2023

In March, the World Bank published highlights of South Sudan’s economic trajectory. It projected a 1.2% in FY2021/22. Here!

This latest projection is a sign of economic recovery because in FY 2020/21, South Sudan’s economy had contracted by an estimated 5.4%. Report

It said that despite the expected growth, some uncertainties will persist to be witnessed in the economy. It cited issues related to the peace implementation, oil sector developments, climatic shocks, and the future path of the COVID-19 pandemic.

The Bank stressed that as the country looks to recover and build stability, a focus on jobs and livelihoods should take center stage. reports

In a layperson language, the bank wants the government of South Sudan to renew its focus on jobs creation and improve livelihood.  jobs

The World Bank’s economic analysis for South Sudan underscores the importance of investing in job creation as a means to promote stability and development in the country

So far, peace parties appear committed to finally announcing the unified force which is a positive step to restore confidence in the economy.

Another positive indicator that is political, but has economic dividends is the efforts to put in place a permanent constitution for the country.

Those are positive indicators geared toward sustainable peace and stability which are good for economic growth and investment confidence.

According to the World Bank report, young South Sudanese workers have reasonable expectations regarding jobs and are open-minded toward available activities, particularly in agriculture.

Their keenness to take advantage of and build from the limited opportunities available to them has significance for the achievement of both political stability and economic recovery.

Wani Elisa, a university graduate quoted by the bank had this to say, “As a young graduate, I am unemployed for years now due to limited job opportunities available in the government, NGOs, and the private sector. I have the willingness to venture into farming in my home village when given the opportunity but there is a need for peace and stability guaranteed in those areas so that agriculture can thrive”.

Elisa also urged the government and the development partners to invest in opening up rural roads to facilitate farmers and their products to the nearby markets to boost their livelihoods.

The report acknowledged concurrent shocks such as armed conflict, natural disasters, and the COVID-19 pandemic which have profoundly disrupted livelihoods.

On March 6, 2022, the World Bank approved $34 dollars for South Sudan to advance public financial management reforms, strengthen key oversight institutions, and improve budget transparency and outcomes in the country, eyeradio.org

On March 17, 2022, the World financial institution approved $120 million to build the capacity of local communities in 12 out of the 79 counties across the country, eyeradio.org

Since 2011, the World Bank has been supporting South Sudan in investment projects, health, Agriculture, food, and livelihood among others.



Source link

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...
Admin

Admin

Related Posts

Announcements

Jammu and Kashmir Govt to invest in MAPs on 5000 kanals of land spread across 28 clusters | Indiablooms

February 4, 2023
Announcements

Raj tops in solar-power pump installations in agri sector in India

February 3, 2023
Announcements

Georgian PM, Agriculture Minister discuss farmer credit, irrigation projects for 2023

February 3, 2023
Announcements

B.C. invests in new Salt Spring Island compost facility – Agriculture Industry Today

February 3, 2023
Announcements

Billionaire Investor Mark Mobius Said His Firm Was ‘Scared’ by Adani’s Debt

February 3, 2023
Announcements

David Zoffer Joins Leading Farm / Ag Specialty Underwriter as General Counsel – Agriculture Industry Today

February 3, 2023
Next Post

FDA updates enforcement on some imported cheese, melon seeds, canned tuna

Timeline issues raised in multi-country Salmonella outbreak traced to Ferrero's Kinder chocolate

Latest News

Farm Show and ISDA to host Ag Career Fair to help with labor shortage

September 22, 2022

U.S. outbreaks of Highly Pathogenic Avian Influenza doubled during past month

March 25, 2022

Study reveals intensive grassland management hampers recovery of soil food webs from drought

November 25, 2022

Most Popular

  • Agricultural E-Commerce Boosts Incomes For Cherry farmers in Shandong

    0 shares
    Share 0 Tweet 0
  • Seeds of Discord: Farmers Accused of Fraud in Dicamba Dispute | Arkansas Business News

    0 shares
    Share 0 Tweet 0
  • Farm Credit Administration tours the Midwest – Agweek

    0 shares
    Share 0 Tweet 0
  • 12 Biggest Agriculture Companies in the World

    0 shares
    Share 0 Tweet 0
  • How Technology Is Changing Agriculture

    0 shares
    Share 0 Tweet 0
Facebook Twitter Pinterest LinkedIn
www.agtechdaily.com

AgTech Daily provides in-depth journalism and insight into the most impactful news and trends shaping the agricultural and food technology industry

Categories

  • Agriculture
  • Announcements
  • Food
  • Others
  • Sustainability
  • Technology

Quick Links

  • Home
  • About us

© 2022 - All Right Reserved. www.agtechdaily.com.

No Result
View All Result
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability

© 2022 - All Right Reserved. www.agtechdaily.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: