by Daniel MayenTraining BoSS’ New Supervisors
By Daniel Mareng Wek
31st January 2025, Juba– A five-day training program aimed at equipping new supervisors at the Bank of South Sudan with essential skills in Banking Supervision and Financial Stability concluded on Friday.
The training, held from January 27 to 31, 2025, was conducted in collaboration with the Bank of South Sudan and International Monetary Fund (IMF), Afritac East.
Group photo of BoSS Supervisors
The program covered critical topics such as banking supervision, system risk, the Basel capital framework, and the Basel core principles. Trainees were also introduced to the preconditions for effective banking supervision, essential for ensuring a stable financial system in South Sudan.
Hon. Samuel Yeni Costa, First Deputy Governor of the Bank of South Sudan, commended the IMF for its ongoing support of the bank’s capacity-building efforts.
“I urged the trainees to apply the knowledge gained to enhance the efficiency of banking supervision and contribute to the country’s financial stability,” he added
Mr. Chan Andrea Chan, Director General for Banking Supervision and Financial Stability at the Bank of South Sudan, emphasized the significance of the training, stating, “the skills acquired during this training will empower you to play a crucial role in strengthening the institutional framework and ensuring the improvement of our financial system.”
Mr. Georgios Genimakis, Financial Sector Supervision Advisor, who facilitated the program, praised the Bank of South Sudan for prioritizing the professional development of its supervisory staff.
“I reaffirmed the IMF’s commitment to supporting the BoSS through a series of future engagements aimed at bolstering the country’s financial sector,” he said.
The training marks a significant step toward enhancing the capacity of the Bank of South Sudan to effectively supervise its financial institutions, contributing to broader efforts to stabilize and grow the country’s economy.