Home Youth empowerment South Sudan: New World Bank financing to improve access to income-generating opportunities for youth and women – South Sudan

South Sudan: New World Bank financing to improve access to income-generating opportunities for youth and women – South Sudan

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JUBA, June 7, 2022—The World Bank Board of Directors has approved $129 million in grant financing from the International Development Association* (IDA) to expand access to economic opportunities and livelihoods of South Sudan’s most vulnerable households and strengthen the effectiveness of the national safety net system. The grant includes $25 million from the IDA19 window for Host Communities and Refugees (WHR) and $30 million from the Crisis Response Window (CRW).

The grant will fund the South Sudan Productive Safety Net Project for Socio-Economic Opportunities (SNSOP), a one-time four-year operation that builds on the experiences of previous projects that helped lay the foundations of the safety net system. security in South Sudan. The SNSOP aims to consolidate and deepen the development gains made to date, provide access to direct income and increase social and economic opportunities for the poorest and most vulnerable households.

Recent external and economic shocks, including severe flooding, the COVID19 pandemic, conflict and macroeconomic instability, have disproportionately affected vulnerable households and compounded existing vulnerabilities in South Sudan.

“Improving social and economic opportunities for poor and vulnerable households will help achieve longer-term development outcomes and build their resilience to climate impacts and other shocks. It will also make them potential drivers of economic growth, stability and national transformation in South Sudan,” said Honorable Josephine Joseph Lagu, Minister of Agriculture and Food Security of the Republic of Sudan from South.

The SNSOP will be implemented in 15 of the country’s 79 counties. The project will not only respond to escalating food insecurity, but will also lead to productive inclusion through human capital accumulation among the poor and vulnerable, including refugees and host communities. The project will contribute to smoothing consumption and increasing investments in child nutrition and development through complementary social measures and behavior change communication, with a strong focus on gender and adaptation to the climate change.

The SNSOP is strongly aligned with the World Bank Group’s Country Engagement Note (CEN) for South Sudan for the fiscal year 2021-2023, as it promotes resilience and livelihood opportunities for people facing hardship. multiple shocks by providing cash transfers and income-generating opportunities. It will also strengthen the capacities of several key ministries.

“The World Bank is pleased to continue to strengthen social protection mechanisms in South Sudan. This new funding will help the government gradually establish a national safety net program. It will also help maintain a predictable and reliable national safety net system in the country and increase citizens’ trust in national institutions,” said Firas Raad, World Bank Country Director for South Sudan.

About 72% of South Sudan’s population is under the age of 30, representing one of the largest youth bulges in the world. The country’s youth face serious livelihood challenges due to limited economic opportunities. SNSOP will implement activities to help improve access to economic opportunities for poor and vulnerable youth, help young men address the challenges of “youth idleness” and empower young women to access to equal economic opportunities.

“The SNSOP is a much needed and timely intervention to support the economic empowerment of young women in the country. Women are exposed to a wide range of economic and social risks in South Sudan. The focus on the inclusion of young women will help pave the way for tackling the marginalization of women, bringing them into the mainstream of development,” said Ayaa Benjamin Warille, Minister of Gender, Children and Social Welfare of the Republic of South Sudan.

*The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and loans at low or no interest rates for projects and programs that stimulate economic growth, reduce poverty and improve the lives of the poor. IDA is one of the largest sources of aid to the world’s 74 poorest countries, 39 of them in Africa. IDA resources bring positive change to the 1.3 billion people who live in IDA countries. Since 1960, IDA has provided $458 billion to 114 countries. Annual commitments averaged around $29 billion over the past three years (FY19-FY21), of which around 70% went to Africa. Learn more online: IDA.worldbank.org. #IDAworks

PRESS RELEASE No.: 2022/084/AFE

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