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Donors to provide short term financial support to South Sudan

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August 17, 2012 (WASHINGTON) — International donors, in a meeting held in Washington this week, agreed to provide short term financial support to South Sudan, the US State Department said on Thursday evening.

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Motorcycles line up for hours to get fuel before it runs out July 18, 2012 in Juba, South Sudan. (Getty)

A one-day donors meeting to support South Sudan was organised in Washington by the US Department of State, Department of the Treasury, and US Agency for International Development on Wednesday 15 August.

Besides a South Sudanese delegation, the meeting was attended by the UK, Norway, the European Union, the United Nations Development Program and United Nations Mission in South Sudan, the World Bank, the International Monetary Fund, and the African Development Bank.

The donors mainly discussed South Sudanese economic and humanitarian situations, and the implementation of the oil agreement made with Sudan earlier this month.

In a short statement released on Wednesday night, the State Department announced that " the participants agreed to work together to help South Sudan address short term financial issues as it prepares to resume oil production."

The South Sudanese government delegation briefed the major donors meeting about the economic situation and their ongoing austerity and reform measures.

On 3 August the two countries reached a deal for the first time since South Sudan’s independence over oil transportation fees. Khartoum says its implementation can only be effective after the signing of a security deal as it demands Juba to stop its support to Sudanese rebels.

Earlier this year, Juba shut down oil production and accused Khartoum of stealing its crude oil.

The lack of financial resources led the government to endorse an austerity plan and to enforce a number of taxes that allow the government to collect some 60 million South Sudanese pounds (SSP) per month.

The South Sudanese government also sought some loans from friendly countries and international companies to file a budget gap estimated at 3.7 billion SSP. Juba is also considering signing new oil and mining concessions.

The finance ministry also said it is preparing, if need be, to raise 1 billion SSP in national (domestic) borrowing.

South Sudan’s main worry is its ability to pay the salaries of its army and employees.

(ST)

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  • 18 August 2012 08:35, by Dinkawarrior

    The short term financial support (STFS) would be able to establish the so called Lamu Project or the Oil pipelines to Kenya or Djibouti. Otherwise the pipeline to Sudan can not produce more oil that can help the world economy. Let’s hope for more Donors to found this project.
    God bless you!

    repondre message

    • 18 August 2012 09:33, by Kurnyeil The Junior

      We will hear a fight between the Nuer food lovers and the Dinkas power hungry people very soon, those money will be divvied by Nuer and their master Dinkas leave poor and coward Equatorial out of it,

      repondre message

    • 18 August 2012 09:34, by Kurnyeil The Junior

      We will hear a fight between the Nuer food lovers and the Dinkas power hungry people very soon, those money will be divvied by Nuer and their master Dinkas leave poor and coward Equatorial out of it,

      repondre message

      • 18 August 2012 13:09, by Mi diit

        Kurliel,
        Stop eating if you don’t love food and stop writing rubbish if you don’t love power. You are the prophet of doom. Why would the Nuer and Dinka fight over the donated money when rich in oil money and even donate $3 billion to the poor Khartoum? Donors are just compensating what we give Sudan. It is Jaili and Shaige to fight over the $3 billion we donated to Bashir and Ali Osman.

        repondre message

        • 18 August 2012 13:53, by Northern Sudanese

          Mi diit
          stop being a foold! you donated no shit, you pay $3 bilion to add $15 per barrel to transport your oil, the other $3 bilion is compensation for attacking heglig , supporting rebels and anthing negative that you have done!
          we aren’t poor, you know very well who is really and can’t feed more than halve his people

          repondre message

        • 18 August 2012 21:21, by panom lualbil

          Because as you [MR. GREEDY] will doubt DINKA of corrupted such money, you will immediately run to KHARTOUM and join SSDA/ SSLA to fight corruptions against government of RIAK and SALVA as usual.

          repondre message

      • 18 August 2012 17:39, by Deng Ateny Lueth

        Again, This ONE has similarity with the one held in Uganda eight years ago in which South Sudanese leader never Made it home saftly that evening.

        repondre message

  • 18 August 2012 09:59, by J P Puok

    short term or long term financial support to the South Sudan will not help out, instead it will deepened our dependence and make us even more vulnerable and increase the so called list of 75 to 90 because 15 men delation will divert the funds to their account outside! what a banana nation we are? we have been reduce to laughing stock by our leaders God help us! where are the 75 corruptees now free

    repondre message

    • 20 August 2012 10:50, by Ahmado

      I agreed with you those 75 were Nuers and Dinkas does why KIIR doesn’t want to prosecute them they are his brothers foods distruction company(fdc)lovers cry for money they don’t want to work death them in these planet.

      repondre message

  • 18 August 2012 13:57, by Northern Sudanese

    when donors say financial aid they speak about milions, no country in this world would donate $12 bilion. financial doesn’t mean giving south all what it needs, it means a small fraction. btw where are those $8 bilion that kiir claimed to be getting from china? was that also a lie or what?

    repondre message

    • 18 August 2012 15:48, by Mach

      Northern Sudanese, if you know that no country in the world would donate billions of dollars to any county, then why do you expect South Sudan to donate billions of dollars to Sudan? Do you think South Sudanese are that unreasonable to make it happened?

      repondre message

    • 19 August 2012 00:55, by Observer

      N Sudanese,
      The same lie as we were told about getting $2billion from Qatar. Was never even a possibility but made up by the Govt to try and bring the black market exchange rate down.

      repondre message

  • 18 August 2012 19:37, by jjb south

    this donors are doing nothing,but nonsense.
    its N.Sudan that need financial assistance,b’se it can’t afford its budget.and S.S even donated another $6bn. but still things are hardening everyday.
    M.Ali,Kurnyell,Soldier & your gang leader humar Bashit,why do you budget for something you can’t manage.
    sorry,Republic of terrorists. Islam"disease"!!!!

    repondre message

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