WORLD IMF, South Sudan reach agreement for $112.7m emergency financing

WORLD

IMF, South Sudan reach agreement for $112.7m emergency financing

CGTN

15:19, November 22, 2022

The seal for the International Monetary Fund (IMF) in Washington, D.C., U.S., January 26, 2022. (Photo: CFP)

The International Monetary Fund (IMF) and South Sudan have reached a staff-level agreement for the release of about $112.7 million in emergency financing, the fund said in a statement on Tuesday.

"This emergency financing under the new Food Shock Window will help South Sudan address food insecurity, support social spending, and boost international reserves," the IMF said.

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