By Alan Clement
The Governor of the Bank of South Sudan, Dr. Addis Ababa Othow, has announced major progress under the World Bank’s 3SF Project to strengthen national financial systems.
Launched in 2024, the initiative is aimed at modernizing financial systems, improve regulatory frameworks, and build institutional capacity across key banking structures including the establishment of a national Institute of Banking and Finance to professionalize the country’s financial workforce.
Speaking at a high-level briefing in Juba on Monday September 1st, 2025, Dr. Othow emphasized the strategic importance of the institute, which will serve as a hub for training, capacity-building, and alignment with global banking standards, according to a statement issued by the Bank’s communication office.
“The Institute of Banking and Finance will serve as a cornerstone for capacity building in our sector, equipping South Sudanese professionals with the knowledge and skills required to operate in line with international financial standards,” Dr. Othow stated.
He added that the project has enabled the hiring of technical experts to lead training initiatives and shape strategic frameworks within BoSS directorates and departments. These efforts, the governor noted, aim to promote “stronger institutional alignment with international best practices.”
The high-level briefing included the BoSS First Deputy Governor, Samuel Yanga Mikaya, Director General for Banking Operations Dr. Chan Andrea Chan, and representatives from the Bankers Association, Financial Intelligence Unit, Chamber of Commerce, and 3SF consultants.
Stakeholders welcomed the initiative as a pivotal move toward sustainable development and broader financial inclusion in South Sudan. “We are laying the groundwork for a future where our financial institutions can compete and collaborate globally,” said Dr. Chan.
Dr. Othow emphasized that the project continues to play a vital role in strengthening South Sudan’s financial sector, with long-term benefits for the country’s economic stability and sustainable development.
He noted that upcoming phases of the 3SF Project will focus on expanding reforms in digital banking, enhancing anti-money laundering frameworks, and promoting financial literacy outreach key pillars in building a resilient and inclusive financial ecosystem.