IFC’s CASA Initiative is helping South Sudan formalize and diversify its economy, increase business competitiveness, and attract investment. CASA is also helping smaller businesses grow, and is facilitating public-private partnerships to spur infrastructure development.
Supporting SME Growth
A main focus of IFC’s work in South Sudan is supporting the growth of SMEs. IFC has completed a small business market assessment, and is training local banks in credit risk management. IFC is also helping design agriculture and trade finance products to further support smaller business.
And thanks to a program backed by IFC, more than 12,500 businesses in the country have been formally registered. A number of these businesses are also benefitting from IFC’s Business Edge program, which offers managerial and other training.
Improving the Investment Climate
IFC-supported reform efforts have drastically cut the time it takes to start a business in South Sudan’s capital, Juba. At 15 days, the startup time for a business in Juba compares favorably to the average 13.8 days for economies of the Organization of Economic Cooperation and Development.
CASA is also supporting reforms that make it easier for businesses to do business. The processes for acquiring construction permits and registering property have been simplified, while other business-friendly regulation, including the Consumer Protection Act and the Insolvency Bill, will soon be passed.
IFC and South Sudan’s Ministry of Investment are partnering to generate investment opportunities in the country, and are encouraging public-private dialogue around health, energy, water, and sanitation projects. IFC is also helping strengthen the legal framework and institutions that support the country’s private sector, including the Chamber of Commerce and Business Forum.