World Bank Programme Launched In The South

28 February 2011 – (Juba) –The International Finance Corporation says private sector is the fundamental part of the success story of the would-be independent Republic of South Sudan.

The International Finance Corporation, represented by its vice president, Rachel Kyte, will on Tuesday launch a 3-year private sector south Sudan program aimed at supporting investment in the region.

Speaking to reporters upon her arrival at the Juba airport on Sunday, Rachel Kyte explains the role of the International Finance Corporation in southern Sudan.

[Rachel Kyte] “The private sector will be a fundamental part of the story of this state’s success in the future and our job is to help advice the government on the conditions necessary for domestic and foreign companies to come to south Sudan and to succeed. We hope that in the future, we too, will be able to invest in south Sudan and so this work that we do to improve the investment climate, improve access to finance for businesses will benefit all south Sudanese. That will be also something whereby we can demonstrate success with our own investment in the future.”

The International Finance Corporation, a member of the world bank group is the private sector lending-arm of the World Bank.