IMF and South Sudan sign agreement for $112.7 million in emergency funds

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In early November, UN agencies said that up to two-thirds of South Sudan’s population will face severe food shortages by 2023.

The International Monetary Fund (IMF) and South Sudan have reached a staff-level agreement to release approximately $112.7 million in emergency funding.

“This emergency funding under the new Food Shock Window will help South Sudan address food insecurity, support social spending and boost international reserves,” the IMF said in a statement Tuesday.

The IMF board will approve the financing in the coming weeks, the fund said.

In early November, United Nations agencies said up to 7.8 million people in South Sudan, two-thirds of the population, could face severe food shortages during the lean season from April to July next year due to flooding, drought and conflict .

Civil war erupted in South Sudan shortly after Sudan’s independence in 2011, and while a peace deal signed four years ago largely holds, the transitional government has been slow to unite various military factions.

On Tuesday, the IMF estimated the number of people with severe food insecurity at an estimated 8.3 million.

“The combination of ongoing local conflict, four consecutive years of severe flooding and the rising price of commodities due to the Russian war in Ukraine has led to an increase in the number of people facing severe food insecurity,” it said.

On Monday, the IMF also announced approval of an $88.3 million disbursement to Malawi under the new “food shock window” emergency loan facility launched in response to food price spikes and food shortages caused by the war in Ukraine .



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