South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda

South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda

South Sudan faced significant headwinds in FY2020/21, with the pandemic, floods, and violence flareups affecting economic activities. Consequently, the economy is estimated to have contracted by 5.4 percent in FY2020/21. Oil production declined by 5.9 percent as floods affected production and the CO...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2022
Subjects:
ECONOMIC GROWTH
LIVING STANDARDS
ACCESS TO SERVICES
EXCHANGE RATE
INFLATION
FISCAL TRENDS
TRADE
FINANCIAL SECTOR
ECONOMIC OUTLOOK
RISKS
CONFLICT
DISPLACEMENT
PEACEBUILDING
RECOVERY
JOB CREATION
EMPLOYMENT
Online Access:http://documents.worldbank.org/curated/en/099650002152233681/P1737580e2efa4025093600b8be2b53aa10
http://hdl.handle.net/10986/36994
id okr-10986-36994
recordtype oai_dc
spelling okr-10986-369942022-02-17T05:10:40Z South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda World Bank ECONOMIC GROWTH LIVING STANDARDS ACCESS TO SERVICES EXCHANGE RATE INFLATION FISCAL TRENDS TRADE FINANCIAL SECTOR ECONOMIC OUTLOOK RISKS CONFLICT DISPLACEMENT PEACEBUILDING RECOVERY JOB CREATION EMPLOYMENT South Sudan faced significant headwinds in FY2020/21, with the pandemic, floods, and violence flareups affecting economic activities. Consequently, the economy is estimated to have contracted by 5.4 percent in FY2020/21. Oil production declined by 5.9 percent as floods affected production and the COVID-19 pandemic delayed new investments to replace exhausted wells. In the agriculture sector, flooding precipitated estimated losses of 38,000 tons of cereals (4.3% of 2020 production) and 800,000 livestock according to FAO estimates. The overall cereal deficit was projected to reach 465,610 metric tons in 2021, equivalent to about 35 percent of the overall food requirement for the year, sustaining high levels of food insecurity. Living conditions continue to be impacted by violence, displacement, and inadequate access to basic services. With improving macroeconomic conditions supported by an ongoing macro-fiscal reform program, a modest growth rebound of 1.2 percent is projected in FY2021/22. Nevertheless, poverty levels are expected to remain exceptionally high. As the economy recovers from multiple shocks, a focus on policy options to stimulate the creation of a sufficient number of quality jobs to absorb a young and expanding labor force should take center stage. Economies that create jobs, particularly for the youth, are generally more stable and can elevate public confidence in the Government’s capacity to deliver. In South Sudan, an effective jobs support program would invest in immediate livelihood support, the recovery of modest business activities, and the revival of markets. 2022-02-16T14:12:52Z 2022-02-16T14:12:52Z 2022-02-16 Report http://documents.worldbank.org/curated/en/099650002152233681/P1737580e2efa4025093600b8be2b53aa10 http://hdl.handle.net/10986/36994 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Africa Eastern and Southern (AFE) South Sudan
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC GROWTH
LIVING STANDARDS
ACCESS TO SERVICES
EXCHANGE RATE
INFLATION
FISCAL TRENDS
TRADE
FINANCIAL SECTOR
ECONOMIC OUTLOOK
RISKS
CONFLICT
DISPLACEMENT
PEACEBUILDING
RECOVERY
JOB CREATION
EMPLOYMENT
spellingShingle ECONOMIC GROWTH
LIVING STANDARDS
ACCESS TO SERVICES
EXCHANGE RATE
INFLATION
FISCAL TRENDS
TRADE
FINANCIAL SECTOR
ECONOMIC OUTLOOK
RISKS
CONFLICT
DISPLACEMENT
PEACEBUILDING
RECOVERY
JOB CREATION
EMPLOYMENT
World Bank
South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda
geographic_facet Africa
Africa Eastern and Southern (AFE)
South Sudan
description South Sudan faced significant headwinds in FY2020/21, with the pandemic, floods, and violence flareups affecting economic activities. Consequently, the economy is estimated to have contracted by 5.4 percent in FY2020/21. Oil production declined by 5.9 percent as floods affected production and the COVID-19 pandemic delayed new investments to replace exhausted wells. In the agriculture sector, flooding precipitated estimated losses of 38,000 tons of cereals (4.3% of 2020 production) and 800,000 livestock according to FAO estimates. The overall cereal deficit was projected to reach 465,610 metric tons in 2021, equivalent to about 35 percent of the overall food requirement for the year, sustaining high levels of food insecurity. Living conditions continue to be impacted by violence, displacement, and inadequate access to basic services. With improving macroeconomic conditions supported by an ongoing macro-fiscal reform program, a modest growth rebound of 1.2 percent is projected in FY2021/22. Nevertheless, poverty levels are expected to remain exceptionally high. As the economy recovers from multiple shocks, a focus on policy options to stimulate the creation of a sufficient number of quality jobs to absorb a young and expanding labor force should take center stage. Economies that create jobs, particularly for the youth, are generally more stable and can elevate public confidence in the Government’s capacity to deliver. In South Sudan, an effective jobs support program would invest in immediate livelihood support, the recovery of modest business activities, and the revival of markets.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda
title_short South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda
title_full South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda
title_fullStr South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda
title_full_unstemmed South Sudan Economic Monitor, February 2022 : Towards a Jobs Agenda
title_sort south sudan economic monitor, february 2022 : towards a jobs agenda
publisher World Bank, Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/en/099650002152233681/P1737580e2efa4025093600b8be2b53aa10
http://hdl.handle.net/10986/36994
_version_ 1764486317001932800

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