Public Management

South Sudan: China grants $600 mln to settle pay issues

South Sudan: China grants $600 mln to settle pay issues
Tuesday, 17 September 2019 13:05

South Sudan borrowed $600 million from China to pay public servants salary over the six months to come, South Sudan News Agency informed.
A few months ago, let’s recall, several South Sudanese MPs decided to boycott the 2019-2020 budget presentation ceremony, saying they will not do so until all salary arrears are paid.
Despite its large oil reserves, South Sudan, which has been independent since 2011, is struggling to pay its officials; a situation that fuels social discontent. Observers accuse the state of using a large part of its income to finance the civil war that has been tearing the country apart since 2013.
In a report published last year, The Sentry group exposed pervasive risks and political control in the banking sector of South Sudan, which further undermined the country’s economy during years of war. The report found that more than $80 million has been paid to military officials and government bodies for services such as military transport and logistics.
The civil war in South Sudan has killed about 400,000 and millions were forced to flee. After many peace treaties not respected, the two main protagonists in the conflict, President Salva Kiir (pictured) and his rival Riek Machar, agreed to form a government of national unity by mid-November in order to bring the country out of the crisis.  
Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• The government announced plans for a new guarantee fund to ease SME access to credit.• Only 22% of SMEs in the country currently access formal bank...
(CHOISEUL AFRICA) - For the very first time, the Choiseul Africa Summit was held in East Africa. Led by Choiseul Africa, chaired by Pascal Lorot, in...
• SUNU Assurances Nigeria projects 45% drop in 2025 profit before tax• Forex losses and rising reinsurance costs weigh on earnings outlook• Gross premiums...
• Central African Republic seeks $12B for 2024-2028 development plan• 58 projects target agriculture, mining, energy, transport, and health• Goal:...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
03

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
04

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
05

As a relatively small issuer in the West African Economic and Monetary Union (WAEMU) market, Benin i...

How Benin, a Small West African Nation, Became a Darling of Regional Debt Markets
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.