SOUTH SUDAN: BANKRUPTCY SCENARIO RAISES CONCERN OVER PEACE PROCESS AND UNITY DEAL
Tue, 09 August 2022
Despite a lull in heavy fighting, South Sudan is steering towards technical bankruptcy as import cover shrinks to less than a week and commercial banks hesitate to disburse loans. Worse, foreign donors are threatening to cut all-important humanitarian aid as the prospect of elections is delayed by another two years. While a resumption of widespread hostilities seems remote, further economic and financial shocks could fracture the unity government before its expiry, currently slated for 2025.
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