President Salva Kiir with leaders from various economic institutions during the meeting on Monday- Credit: Office of the President March 4, 2024

President Salva Kiir on Monday convened a crucial meeting with leaders from various economic institutions, as soaring inflation takes a bite on the nation.

Presidential Affairs Minister, Bangasi Joseph Bakosoro said the meeting focused on how to strategize and implement measures to curb the persistent inflationary pressures affecting the economy.

The meeting resolved the following: increase in non-oil revenue collections, and supply of enough food into the markets at subsidized prices.

The leaders also resolved to supply enough fuel to the country, allocate enough money to agriculture, and auction off a sizable amount of hard currency to stabilize the exchange rate.

They also resolved to ban the selling of dollars and other currencies on the streets ban all illegal checkpoints throughout the country and directed the security forces to immediately implement the directives.

The President emphasized the importance of collaboration among government institutions to stabilize prices, promote economic growth, and ensure financial stability.

The Head of State directed members of the Economic Cluster to work on collaborative efforts, aimed at taming inflation and steering the nation’s economy towards sustainable growth.

The outcome of the meeting underscores a united commitment from the leaders to combat inflation and foster a conducive economic environment for all citizens.