Africa-Press – South-Sudan. The Vice President of the Economic Cluster, Dr James Wani Igga, is optimistic that South Sudan will achieve economic stability through sustainable economic growth.
Speaking during the ceremony of the Economic Policy Dialogue seminar organised by UNDP on Monday, under the theme, ‘‘Re-igniting Economic Recovery and Inclusive Growth,’’ Dr Igga noted that his cluster would endeavour to improve the economic standards of the country.
“Economic recovery and growth have the basis of increasing prosperity. Growth comes from the accumulation of capital. This leads to technical progress. Accumulation and innovation raise the productivity of inputs into production and increase the potential level of output. “Growth can be affected by the policy,” he said.
“We want this knowledge to penetrate and enter into government policies.” So, the rate of growth can be affected by policy.”
According to the statement from the Vice President for Economic Cluster Press, Dr Igga hailed domestic economic recovery and growth for creating avenues for economic growth in the country, as the cluster exhaustively discussed ways of reviving the country’s economy.
There were presentations by Dr Aggrey Tisa on the Investment Acceleration program, identifying opportunities and challenges in South Sudan, and the impacts of the sustainable agriculture production system in farming by Eng Kuyu Dhel.
“Members of the economic cluster listened to presentations from experts like Dr. Aggrey Tisa on the Investment Acceleration programme and the identification of opportunities and challenges in South Sudan,” the statement read.
There was also the “Impact of the Sustainable Agriculture Production System on Farming Practices’’ by Eng. Kuyu Dhel.”
Combating corruption
Last week, Dr Igga called for joint efforts to combat corruption as a pivotal means of transforming and stabilising the economy.
He reiterated that the fight against corruption would help reduce the poverty level as well as ensure transparency and accountability in the distribution of resources, and public expenditure.
“The fight against corruption is particularly important as it impacts the poorest sections of society and generally benefits those already in positions of power,” he noted.
“Without reducing corruption, all development goals will be severely compromised. So at the heart of all these is combating corruption. “
The Vice President stated that his cluster was accused of misuse of public funds, but he stressed that accounting officers in all government institutions must be held accountable for malpractices.
“I think we can now begin to dwell on a steady promotion of the economy led by effective development,” he added.
“We must strengthen the parliamentary oversight of public expenditure. The public accuses us. We must hold the accounting officers accountable. “
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