To support the goals of the Central Bank… stabilizing the interest rate in South Sudan

The Monetary Policy Committee of the Central Bank of South Sudan decided to fix the key interest rate at 15% without change.
Bloomberg News Agency quoted Johnny Ohisa Damian, Governor of the Central Bank of South Sudan, as saying that the interest rate is aimed at helping to achieve major goals, including growing the gross domestic product by 6.8% in 2024 and keeping the main rate below 61.5% annually.

Private sector lending

The Central Bank of South Sudan also urged commercial banks to increase lending to the private sector to 40% of their deposits. It is noteworthy that Sudan’s economy is suffering severely from the war in neighboring Sudan, which has led to a decline in oil exports, which is the main source of foreign currency income for South Sudan.