The African Development has said it will consider the membership application of the newest state in Africa, South Sudan, at its 38th Annual General Meeting in Arusha Tanzania, May 28 to June 1, 2012.

Addressing a press conference at its headquarters in Tunis, Tunisia to announce the AGM, Ms. Cecilia Akintomide, Secretary-General and Vice President of the Bank, outlining the agenda for the AGM said the AfDB will consider the membership application of South Sudan to be a member of the Bank.

South Sudan became an independent nation in July 2011.

In April this year, it gained membership of the International Monetary Fund, becoming its 188th member. In the same month, the country joined the World Bank.

Membership of these financial institutions will allow South Sudan to have access to concessionary loans and technical assistance for development.

By Emmanuel K. Dogbevi, in Tunis, Tunisia

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