South Sudan becomes 188th member of IMF
Minister of Finance and Economic Planning Kosti Manibe Ngai signed the IMF's Articles of Agreement.
South Sudan applied for membership of the IMF in April 2011. It became an independent country in July 2011, and the IMF Board of Governors subsequently offered it IMF membership.
"I am happy to welcome the Republic of South Sudan, which today (Wednesday) becomes our 188th member. South Sudan faces enormous challenges, and the IMF will do its best to assist the country in setting up the foundations for economic stability and growth in the period ahead," IMF Managing Director Christine Lagarde was quoted as saying in a statement.
Expressing serious concern over the ongoing protests in Andhra Pradesh, following the nod for the creation of a separate Telangana State, the Communist Party of India (CPI) leader D Raja said that the Centre must address the genuine concerns of the people and assure them that their interests will be duly protected.
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