South Sudan
The International Monetary Fund and South Sudan have reached a staff-level agreement for the release of about $112.7 million in emergency financing.
"This emergency financing 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 on Tuesday (November 22).
The IMF's executive 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, may face severe food shortages during next year's April-to-July lean season due to floods, drought, and conflict.
On Tuesday, the IMF put the number of people experiencing severe food insecurity at an estimated 8.3 million.
"The combination of continued localized conflict, four consecutive years of severe flooding, and the rising price of staple commodities from Russia's war in Ukraine has increased the number of people experiencing severe food insecurity," it said.
South Sudan erupted into civil war shortly after getting independence from Sudan in 2011 and while a peace agreement signed four years ago is largely holding, the transitional government has been slow to unify various military factions.
Go to video
Over 40 killed in attack on Sudanese hospital: WHO Chief condemns “Appalling” strike
Go to video
Angola’s Lourenço tells U.S : shift from aid to investment
01:09
Kenyan Police officers charged over death of blogger in custody
Go to video
Oil flip-flops and shares are mixed after the US strikes Iranian nuclear sites
Go to video
What to know about the COVID variant that may cause 'razor blade' sore throats
Go to video
US resumes visas for foreign students but demands access to social media accounts