NEWS

Hon. Dr. James Alic Garang, in his first 100 days as the Governor, Bank of South Sudan, has achieved significant milestones that demonstrate his commitment to modernizing the bank, improving its operations, and prioritizing the welfare of its staff.

The 100 days Achievements are as follows:

1. Development of a comprehensive Bank of South Sudan modernization strategy:

Dr. James Alic Garang has spearheaded the development of a comprehensive modernization strategy for the Bank of South Sudan. This strategy aims to enhance the efficiency, effectiveness, and technological capabilities of the bank, ultimately improving its services and operations.

2. Reorganization of the Foreign Exchange (FX) market phase 3 in progress:

Under Dr. James Alic Garang’s leadership, the reorganization of the Foreign Exchange (FX) market has been initiated, with phase 3 currently in progress. This reorganization is expected to improve transparency, liquidity, and market dynamics, thereby contributing to a more stable and efficient FX market.

3. Restructuring the Bank of South Sudan (BoSS) organizational structure:

Dr. James Alic Garang has undertaken the restructuring of the Bank of South Sudan’s organizational structure to ensure that the bank can effectively deliver on its mandate and exercise better oversight over the financial sector. This restructuring is aimed at enhancing the bank’s regulatory and supervisory functions.

4. Significant improvement in staff welfare:

The Governor has implemented new benefits and policies aimed at significantly improving the welfare of the bank’s staff. This includes measures to enhance working conditions, provide better healthcare benefits, and offer opportunities for professional development and growth.

5. BoSS Staff promotion based on a merit system:

Dr. James Alic Garang has introduced a merit-based system for staff promotions at the Bank of South Sudan. This system aims to recognize and reward outstanding performance, thereby motivating employees and fostering a culture of excellence within the institution.

6. Implementation of innovative financial inclusion programs:

Dr. James Alic Garang has championed the implementation of innovative financial inclusion programs aimed at reaching underserved communities. These programs seek to expand access to financial services, promote economic empowerment, and foster inclusive growth across South Sudan.

7. Enhancement of collaboration with international financial institutions:

Dr. James Alic Garang has prioritized enhancing collaboration with international financial institutions such as IMF and World Bank to support economic development initiatives in South Sudan. This strategic engagement can facilitate access to expertise, resources, and funding opportunities that can contribute to the country’s economic growth and stability.

8.Communication Strategy:

The Governor has developed a comprehensive communication strategy to ensure that the Bank’s messages are effectively conveyed to the public, government agencies, and international partners.

Overall, these achievements underscore Dr. James Alic Garang’s proactive leadership in driving positive change within the Bank of South Sudan, laying a strong foundation for its continued success and contribution to the nation’s financial sector and economic development.