The Government has secured $106 million from the World Bank and the African Development Bank, in part to pay for food imports as millions face starvation and to fund the construction of a road to trade partner Kenya, the finance minister said.
Finance Minister Stephen Dhieu Dau told Reuters late on Monday that the government had signed a deal with the World Bank for a $50 million grant “to meet the food gaps in South Sudan”.
Speaking by telephone from Washington where he had been attending meetings with lenders, the minister said those funds would be disbursed soon and finance food imports from Tanzania and Uganda.
Dau said a further $8 million agreed with the World Bank was earmarked for the construction of a road connecting the capital Juba to Kenya.
Separately, the African Development Bank will provide loans and grants worth $48 million to help strengthen the recession-hit economy, the minister said, without giving details.