Cash Working Group Meeting11 November 2020
Agenda
Agenda
Update on Exchange Rate Trends & Currency Depreciation and Position of BSS: an open discussion with Bankers Association
SCOPE as Common Cash Platform, Beneficiary Identity and Transfer Management
Presentation from Plan International on CVA
Update on Capacity Building Initiative
AOB
Engagement with Private sector in CWG
Feedback on Engaging with Private sector
And role of CWG as Advisory committee to ICCG.
Recent and ongoing measures to address the economic crisis
• Abolition of the Special Accounts
• Public Financial Management (PFM) reforms to increase efficiencies in the managem
ent of public finances
• New leadership of the National Revenue authority, to enhance the mobilization of non-oil revenue
• Initiating a process of economic diversification to identify areas where quick progress can be made, such as gold and gum Arabic.
• Economic Crisis Management Committee has also been established to address the current economic crisis
• Mr. Dier Tong Ngo has been appointed as Governor of Bank of South Sudan• Monetary Policy committee under the leadership of Mr. Dier Tong Ngo has taken
following decisions Central Bank Rate raised to 15% Increased reserve requirement ration (RRR) to 20% and Cash Reservation
Ration to 20% The central bank will urgently introduce its own bills as a toll of liquidity
management mechanisms The Bank will setup a supervisory role by continuously monitoring the cash-in
vault of commercial banks• HCT included the issue of exchange rate as one of the Agenda point. • South Sudan Bankers Association has released a statement on use of indicative rate.
SSBA Background SSBA WAS Establishment in 2010 composed of both National and Foreign
Banks license with by Bank of South Sudan (BOSS). It Core purpose is to enhance Banking & Financial Services in the country
Vision
To establish a vibrant and diversified modern banking industry in collaboration with economic development partners in enhancing financial services delivery to the public, private investors and the communities of South Sudan
Mission
To seek South Sudan bankers’ relations, negotiate mutual interest, share knowledge and promote innovative banking amongst stakeholders
Our Structure General Assembly
Governing Council
Board of Trustees
Specialized Committees
SSBA Office
Core values of SSBA
• Sound Banking & Financial ServicesProfessionalism
• creating, innovating and preserving resourcesStewardship
• Business governed and guided by laws and EthicsIntegrity
• Fair service for allNeutrality
• Social Accountability in businessHumanity
Objectives of SSBA:-
Advocate on behalf of the banking industry, and championing
sound financial sector development in South Sudan
While working with BSS, develop and harmonize professional
business ethics, compliance and code of conducts of banking
sector
Participate in the development transaction settlements
modalities.
Provide trainings to its members and other stakeholders on
sound financial and ethics banking.
Undertaken research on emerging economic and financial issues.
Promote the relationship with Bank of South Sudan. Its
membership and the regional and International bankers
associations Banks.
8
List SSBA Members Ethiopia Commercial Bank
Kush Bank
Alpha Bank
Kenya Com Bank
Ivory Bank
Liberty Com Bank
Equity Bank
Buffalo Com Bank
Coop Bank
Nile Com Bank
Agricultural Bank
CFC Stanbic Bank
Africa National Bank
National Credit Bank
Mt Trade Bank
South Sudan Com Bank
Eco-Bank
International Com Bank
Opportunity Bank
Orbit Bank
Regent Bank
People Bank
Phoenix Bank
Royal Express Bank
Qatar National Bank
Afriland Bank
Ebony Com Bank
Eden Com Bank
St. Theresa Com Bank
Charter (1) Bank
9
SCOPE as Common Cash Platform, Beneficiary Identity and Transfer Management
Plan International South Sudan MPC: Value voucher, conditional and unconditional cash to support the
most vulnerable households.
Plan International South Sudan starts MPCA 2018-2020
CWG Partner Logo
Organization’s brief history on CVA in south Sudan
Plan International South Sudan developed the Electronic VoucherSystem as part of the Innovation project under SSJR Project in 2018 andhas been scaled up for use in Malakal in 2020.The card, now known asthe “Up2U Card” has been a major achievement in the current JR.
2018. Food commodities voucher (Up2U card vouchers)
2019
Multipurpose cash assistance-MPCA Conditional cash transfer (CFW) Unconditional cash transfer to most vulnerable households Value voucher to meet basic food needs of vulnerable households
2020
Multipurpose cash assistance MPCA Conditional cash transfer (CFW) Unconditional cash transfer Value voucher
Sector Coverage
FSL
Multipurpose cash (MPC)
Modalities used by organization
Modality Beneficiaries / HH
Transfer Value
States Counties
Unconditional Cash Assistance
150 7,335 SSP Upper Nile Malakal Town and POC
Value Voucher Assistance
500 7,335 SSP Upper Nile Malakal Town and POC
ConditionalCash for Work Assistance
250 7,335 SSP Upper Nile Malakal Tow and POC
Financial Service Provider and delivery mechanisms used by organization
KCB
Equity Bank
Cooperative Bank
Delivery Mechanisms is through money transfer Agent .
Success
Success of Electronic Voucher System developed by Plan known as Up2U system:
Encourages active participation by communities to identify cash for work activities.
Improve the rehabilitated assets which have degraded over the years due to the conflict.
CFW activities through Up2U Cards have been welcomed by both the communities and their leaders as the benefits are mutual, such as opening of roads leading to schools, churches and markets.
It ensures the safety and dignity of beneficiaries throughout the distribution process.
Build capacity of local vendors in Malakal Market and POC
Improve and increase local market capacity
Improve lives of the most vulnerable households through value voucher program
Challenges
Challenges MPCA
Limited money agent to facilitate payment to beneficiaries
The exchange rate and price of food commodities forced the community to demand payment in USD
Challenges in COVID-19 and how did your organization cope with those challenges
Challenges in COVD-19 Beneficiaires over crowed during cash distribution, but we
encourage decongestion.
Difficulty to carry out Market monitoring because of the reduced staff numbers due to Covid-19 restrictions.
Questions and Answers Thanks
Update on Capacity Building Initiative
CaLP Certified trainings Core CVA Skills for Programme Staff Training 2 Trainings
MBP in WASH for WASH Cluster session
CVA and GBV session
Trainer Roster on CVA in South Sudan
Participation
14062407
1094718 22
Applicants Organizations
Selected Organizations
ParticipatedIn groupOne
In groupTwo
States
Government 5%
INGOs40%
NNGOs30%
Private Sector2%
Un Agencies23%
PARTICIPATION
AOB
Next meeting agenda?
Update on CashCap support
CashCap is still agree to provide the Twinning support by deploying a Coordinator who can support the sub-CWGs
CashCap has assigned the global IMO to help CWG to create the Cash Dashboard
CashCap is agree to extend the current Cash Working Group Coordinator position for one more year with following objectives
Provide dedicated coordination support to CWG
Ensure Cash and Vouchers are routinely considered, alongside other tools
Build Sufficient capacity for cash and voucher programs
Strengthen the coordination of cash and voucher programs
Ensure the quality of cash and voucher programing.
Update on CWG to be part of Protection task team
The CWG will be working with protection Cluster to set up a task team for returnees on CVA packages
For more info contact : [email protected]
CWG Meeting Calendar:https://www.humanitarianresponse.info/en/operations/south-sudan/cash-working-group/events
CWG South Sudan Page on humanitarian Response Website: https://www.humanitarianresponse.info/en/operations/south-sudan/cashworkinggroup
Contact us
CWG Coordinator
Ali MANSOOR
CashCap Advisor
CWG Co-leads
Afsar KHAN
Operations Officer – ES/NFIs
IOM
Aikins MACBANSAH
CBT Team Leader
WFP South Sudan
Thanks