South Sudan’s Ministry of Finance Calls for Utilizing Jonglei State Block Account for Investment
In a recent announcement, the Ministry of Finance and Economic Planning of the Republic of South Sudan has instructed the Vice President, Hussein Abdelbagi Akol, and the State Governor of Jonglei, HE Denay Jock Chagor, to utilize the Jonglei State Block Account for investment purposes. This move is aimed at bolstering economic development and attracting much-needed investments to the region.
The Jonglei State Block Account holds significant potential for encouraging growth and attracting domestic and foreign investments.
By utilizing this account, the South Sudanese government aims to tap into the economic potential of Jonglei State, setting in motion a series of initiatives that will benefit its citizens and contribute to the overall prosperity of the nation.
The Ministry of Finance and Economic Planning encourages prompt response and collaboration from relevant stakeholders to ensure the efficient implementation of these instructions.
They have also expressed their willingness to provide further clarification and guidance for any industry or individual seeking to participate in the economic development of Jonglei State.
With its rich natural resources and strategic location, Jonglei State is poised to become a hub for various industries, including agriculture, mining, and tourism.
By leveraging the Jonglei State Block Account, the government intends to attract investors who can harness the region’s potential and contribute to its economic growth.
This initiative is part of the government’s broader vision to diversify South Sudan’s economy, reduce dependency on oil revenue, and promote inclusive development across all states.
The utilization of the Jonglei State Block Account is expected to create employment opportunities, improve infrastructure, and enhance the standard of living for the state’s residents.
The Ministry of Finance and Economic Planning assures the public that all funds allocated to the Jonglei State Block Account will be managed transparently and allocated towards projects that prioritize sustainable development and community welfare.
As South Sudan takes significant steps towards economic revitalization and attracting investments, stakeholders and potential investors are encouraged to contact the Ministry of Finance and Economic Planning for further information and to engage in collaborative efforts.
The utilization of the Jonglei State Block Account represents a milestone in South Sudan’s economic journey, bringing renewed hope for prosperity and growth in the region.
With the government’s commitment and cooperation from various sectors, this initiative aims to unlock Jonglei State’s true potential and pave the way for a brighter future for all its citizens.