South Sudan’s Deteriorating Finances

South Sudan’s Deteriorating Finances

 Source: The International Crisis Group (ICG) published on 6 October 2021 a paper titled “Oil or Nothing: Dealing with South Sudan’s Bleeding Finances.”  

South Sudan’s state finances are derailing it from the already fraught path to peace and stability after a brutal civil war.  The regimes slush-fund approach to governance and winner-take-all politics helps explain why so much went wrong so quickly after independence in 2011.  Much of the problem has been caused by the government’s mishandling of its oil wealth.  

Labels: China, civil war, corruption, EU, IMF, oil, revenue, Riak Machar, Salva Kiir, sanctions, South Sudan, SPLA, SPLM, US