News

South Sudan is World Bank's Newest Member

South Sudan's Minister of Finance and Economic Planning Kosti Manibe Ngai (L) signs the treaty to become IMF's newest member as US State Department Treaty Analyst Francis Holleran (R) looks on at the State Department, April 18, 2012 in Washington.
South Sudan's Minister of Finance and Economic Planning Kosti Manibe Ngai (L) signs the treaty to become IMF's newest member as US State Department Treaty Analyst Francis Holleran (R) looks on at the State Department, April 18, 2012 in Washington.

South Sudan became the newest member of the World Bank on Wednesday when the country's finance minister, Kosti Manibe Ngai, signed an agreement in Washington formalizing the country's membership in the organization.

South Sudan has suffered from decades of conflict, and the World Bank says the world's newest country has some of the lowest levels of education and health resources in the world.  About half the country's population lives in poverty.

South Sudan is about the size of France, but has few roads and other forms of infrastructure.

World Bank membership will help South Sudan gain access to low interest loans and technical advice.


This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Feature Story

Gloria Maya Terrick holds a sign requesting the government to allow the students to help in the fight against Ebola, outside NGO headquarters, in Monrovia, Liberia, Sept. 29, 2014. (Benno Muchler/VOA)

Frustrated, Liberian Students Want Ebola Fight Role

Thousands have volunteered to go to counties, rural villages to talk to people in their language about deadly virus More

Special Reports