Dier Tong Ngor | |
---|---|
Minister of Finance | |
In office 4 August 2022 –3 August 2023 | |
President | Salva Kiir Mayardit |
Preceded by | Agak Achuil Lual |
Succeeded by | Barnaba Baak Chol |
Dier Tong Ngor is a South Sudanese politician who serves,from 4 August 2022,as the Minister of Finance and Planning. [1] [2] [3]
He graduated from University of Khartoum in 1986 with an honour degree in business administration,majoring in finance. He had an outstanding career in banking industry starting in 1986 when he was appointed as an inspection officer in Central Bank of Sudan. [4] He also holds Master in Business Administration (MBA) from University College Dublin [4] and a PhD in Finance from Walden University.
He was the governor of the Bank of South Sudan [5] twice:from May 2018 to January 2020 and from November 2020 to January 2022.
He is a career central banker. He started his career with the Central Bank of Sudan and the Bank of South Sudan (central bank) where he held positions of Director General of Banking Supervision &Research,and Director General of Banking Operations. He was also appointed in 2017 as First Deputy Governor for Policy &Banking and subsequently served twice as the Governor of the Bank of South Sudan [6] up to January 2022. He is credited with successful reforms of the exchange rate in South Sudan,which resulted in the unification of exchange rates in the country in 2021.
Northern Bahr el Ghazal(Arabic:ولايةشمالبحرالغزال) is a state in South Sudan. It has an area of 30,543 km2 and is part of the Bahr el Ghazal region. It borders East Darfur in Sudan to the north,Western Bahr el Ghazal to the west and south,and Warrap and the disputed region of Abyei to the east. Aweil is the capital of the state.
Warrap is one of the ten states in South Sudan,located in the Bahr el Ghazal region. The state became part of South Sudan after a successful secession from Sudan on 9 July 2011. Wanhalel,the place where first Jieng Customary Laws were initiated and hometown to prominent politician,Gen. Nhial Deng Nhial is located in Tonj South County of Warrap State The current governor is Kuol Muor Muor who replaced Manhiem Bol Malek in November,2023.
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Established by the Bank of South Sudan Act of 2011,the Central Bank of South Sudan is statutorily mandated to regulate the operations of all financial institutions in the country,including commercial banks. The Central Bank fulfills this mandate by issuing prudential guidelines and regulations as provided for under the Act. In theory,the licensed commercial banks are obligated to operate in accordance with these laws and guidelines,but many suggest this is not happening.
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Corruption in South Sudan is among the worst in the world. The nation's elites have developed a kleptocratic system that controls every part of the South Sudanese economy. This system has taken shape quickly in a relatively short period,South Sudan having won self-rule in 2005 while remaining part of Sudan,and having been accorded full sovereignty in 2011.
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