{"id":12582,"date":"2023-03-28T04:10:00","date_gmt":"2023-03-28T04:10:00","guid":{"rendered":"https:\/\/onecitizendaily.com\/?p=12582"},"modified":"2023-03-27T19:07:19","modified_gmt":"2023-03-27T19:07:19","slug":"kiir-plans-for-conference-to-mend-limping-economy","status":"publish","type":"post","link":"https:\/\/www.onecitizendaily.com\/index.php\/2023\/03\/28\/kiir-plans-for-conference-to-mend-limping-economy\/","title":{"rendered":"Kiir plans for conference to mend limping economy<\/strong>"},"content":{"rendered":"\n

By William Madouk<\/strong><\/p>\n\n\n\n

President Salva Kiir Mayardit has put a plan to conduct \u2018South Sudan National Economic Conference\u2019 as an antidote to the dwindling economic situation in the country.<\/p>\n\n\n\n

The head-of-state directed the Ministry of Finance and Planning together with Central Bank to organize a national conference to chart ways for the economic recovery.<\/p>\n\n\n\n

Speaking at the inauguration of first session of the national parliament this year, President Kiir said internal and external shocks have impacted negatively on the economy and depreciation of local currency.<\/p>\n\n\n\n

\u201cThe Ministry of Finance and Planning and the Bank of South Sudan have tried their best to stabilize the economic situation but this situation continued to persist,\u201d the President said.  <\/p>\n\n\n\n

\u201cThis calls on us to take a broader approach, which is why I am today directing the Ministry of Finance and Planning to organize \u2018South Sudan National Economic Conference\u2019,\u201d he added.<\/p>\n\n\n\n

President Kiir noted that the conference should complement the ongoing \u2018public finance management reforms\u2019 and must draw together all stakeholders to discuss and chart ways to overcome economic challenges.  <\/p>\n\n\n\n

\u201cThis economic conference should bring together all the sectors of our economy and the stakeholders including our developmental partners,\u201d he noted.<\/p>\n\n\n\n

\u201cThe objectives of this conference will be to address the fundamental challenges that are holding our economy back,\u201d he continued.<\/p>\n\n\n\n

The President also stated that the recommendations from the conference will help the government chart a way forward on structural reforms needed to revive the economy.  <\/p>\n\n\n\n

This proposal comes at a time when the South Sudanese Pound (SSP) is plummeting low against the US dollar leading to increase of the prices for necessary commodities beyond reach for a citizen.<\/p>\n\n\n\n

As of Monday, one hundred dollar is selling at SSP 847 at Central Bank and over SSP 90,000 in the black market.<\/p>\n\n\n\n

Forcing the consumers now to dig deeper into their pockets to be able to put food on the table.<\/p>\n\n\n\n

President Kiir\u2019s state of the nation address at the parliament inauguration meets the expectation of a civil society organization who has been calling on Kiir to address the deteriorating economic crisis in the country.<\/p>\n\n\n\n

Executive Director of the Community Empowerment for Progress Organization, Edmund Yakani said that, they expected the president\u2019s speech yesterday (Monday), when he opens parliament, to dwell on issues affecting normal citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"

By William Madouk President Salva Kiir Mayardit has put a plan to conduct \u2018South Sudan National Economic Conference\u2019 as an antidote to the dwindling economic situation in the country. The head-of-state directed the Ministry of Finance and Planning together with Central Bank to organize a national conference to chart ways[Read More…]<\/a><\/p>\n","protected":false},"author":2,"featured_media":12583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79],"tags":[],"class_list":["post-12582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/www.onecitizendaily.com\/wp-content\/uploads\/2023\/03\/President-Salva-Kiir-Mayardit-Photo-courtesy.jpg","_links":{"self":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/12582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=12582"}],"version-history":[{"count":1,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/12582\/revisions"}],"predecessor-version":[{"id":12584,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/12582\/revisions\/12584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media\/12583"}],"wp:attachment":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=12582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=12582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=12582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}