“Signing this agreement during these challenging times is tremendously significant and important for our country,” Aggrey Tisa Sabuni, South Sudan’s Minister of Finance said at the signing of the agreements. “Our actions today signal that we are re-entering a conversation that we began at the South Sudan Investment Conference in early December 2013.”
Michel Wormser, MIGA Vice President and Chief Operating Officer also welcomed the news that South Sudan is open for business.
At the same fuction, Bella Bird, World Bank’s Country Director for South Sudan said the new nation has vast investment needs as she pledged their commitment to help the new nation develop.
“We are committed to bringing the entire array of World Bank Group instruments to support the country’s development. Private sector investment will be essential to generate jobs and opportunities in a fragile country such as South Sudan,” she said.
The parties also discussed a number of areas where MIGA could potentially support foreign investments, including agribusiness, power, and transportation.