By Philip Buda Ladu
The Council of Ministers passed a policy framework to boost public-private investment and encourage healthy competition in public service provision.
Ministry of Investment, Dr. Dhieu Mathok Diing had presented a memo on the public-private partnerships policy during the regular council of ministers, for cabinet approval.
President Salva Kiir Mayardit chaired the meeting No. 10/2024, on Friday.
Deputy national minister of information, Jacob Maiju Korok, while briefing the media shortly after the cabinet meeting, said the policy aims at creating an enabling environment to promote public-private partnerships.
He noted that the policy is also meant to achieve socioeconomic development in the Republic of South Sudan.
According to the minister, the policy will fulfill sustainable funding requirements and the supply of infrastructure through mobilizing the private sector.
Additionally, the public-private partnership policy is one of the documents for the successful conclusion of the revitalized agreement that could lead to elections at the end of the transitional period, he said.
“So, the policy will foster economic growth by developing new commercial and investment opportunities for the local investors and foreign investment increasing competitions in the provision of the public service” Maiju added.
He told reporters that the policy was deliberated and unanimously passed by the cabinet, and the minister of investment was directed to table it in parliament for approval.