Strengthening South Sudan’s Financial Sector

The development objective of Strengthening South Sudan’s Financial Sector Project for South Sudan is to strengthen the institutional and supervisory capacity of the central bank and improve the efficiency of core financial sector infrastructure. This project has four components. 1) The first component, Formulating Financial Sector Policies, has the following sub-components: (i) Financial Sector Development Strategy and Roadmap; and (ii) Building the capacity of Bank of South Sudan (BoSS) staff to formulate and implement financial sector policies. 2) The second component, Institutional Strengthening of the Central Bank, has the following sub-components: (i) Enhancing the Supervisory and Regulatory Oversight of BoSS; and (ii) Supporting the Establishment of the South Sudan Institute of Banking and Finance (SSIBF). 3) The third component, Supporting the Development and Modernization of Key Infrastructure for the Financial Sector, has the following sub-components: (i) Upgrade and Customization of the Core Banking System; and (ii) Enhancing the Effectiveness of the Financial Intelligence Unit. 4) The fourth component, Project Management and Coordination, aims to provide additional capacity through hiring of a full-time project coordinator, a senior procurement specialist, a Financial Management (FM) specialist, and an environmental and social specialist.