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
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Senegal approves payment for its capital subscription to the African Energy Bank (AEB) APPO says the contribution brings the bank “closer to...
Ethiopia may receive about US$261 million once the review is approved. The ECF programme supports the country’s Homegrown Economic Reform (HGER)...
IFC considers €75.25 million investment in cocoa processor Guan Chong Funds to expand cocoa processing plant in Côte d’Ivoire Project...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...

GSMA Maps the Reforms Required for Senegal’s Digital Takeoff
03

M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer unive...

M-Pesa Ethiopia Flags Access Issues on Regulator-Approved Lehulum App
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
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.