Home | News    Sunday 1 March 2015

South Sudan seeks $5 million loan for undisclosed projects

separation
increase
decrease
separation
separation

February 28, 2015 (JUBA) – The South Sudanese government said it is seeking a loan of up to $5 million from international and local financial institutions to enable it to implement a number of undisclosed projects.

JPEG - 8.8 kb
South Sudan minister Rebecca Joshua Okwaci (Photo: Moses Lomoyat)

Acting information minister Rebecca Joshua said the council of ministers approved a memo presented by finance minister David Deng Athorbei asking for approval to seek $5 million in loans during its regular meeting on Friday.

Joshua did not reveal why the loan was being sought and how it would be repaid and secured. The minister of finance has also not commented.

However, multiple sources at the ministry of finance have linked the loan to the large deficit in the budget, saying the 2014-2015 annual budget for the army had been exhausted.

According to reliable sources, China would be approached for the loan, expected to be covered by the advance sale of oil revenues. The terms of the loans have also not been disclosed.

Meanwhile, Joshua has admitted to the existence of officials in various government institutions who demand payments for their role in awarding contracts.

“The government is getting a report that there are people in different ministries and many public and private institutions who extort bribes,” she told reporters on Friday after attending the meeting of the council of ministers.

“If you have a government-approved contract or NGO project requiring funding by the government, you must pay to get approval of the concerned department,” she added.

Joshua said the government had been shocked and alarmed to learn of the high levels of bribery in different sectors, as well as allegations of delays in payment in exchange for kickbacks and nepotism.

“This means people who pay bribes get the money regardless of whether they have [a] genuine project, which is unacceptable,” she said.

“The council has resolved to start [an] investigation and deployed security operatives to all the institutions to track down these activities, and if people are found they will definitely be taken to the court of laws and made to account for their actions,” she added.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 1 March 2015 11:11, by sudani ana

    "Undisclosed" hahaha we all knoe where the money is going. Happy days Uganda

    repondre message

    • 1 March 2015 13:23, by South South

      Sudani ana,

      Stop lying, you know nothing about the loan. South Sudan is a free country and can get loans anywhere without making fake Arabs furious. Go to the hell if you do not like it.

      repondre message

      • 1 March 2015 17:40, by Kumbo

        They should take the loan from Uganda Government or any other East Africa country since we are EAC Member now

        repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Sudan’s removal from terror list taints U.S. values 2018-11-10 08:34:32 November, 9th, 2018 The Honorable Michael Richard Pompeo Secretary of State U.S. Department of State 2201 C St NW, Washington DC 20520 USA RESPONSE BY SUDAN LIBERATION MOVEMENT (SLM/A-AW) TO (...)

R-ARCISS: A Peace that divides the signatories and non-signatories 2018-11-10 07:58:28 By Tito Awen, Juba-South Sudan I keep wondering if peace can divide or unite the partners. I am not so young nor unmindful not to have known what happened after signing of the Comprehensive (...)

U.S. Move Ignores Sudan’s Abuses Against its Own People 2018-11-09 06:56:11 U.S. Considers Lifting Sudan’s ‘Terror State’ Designation By Jehanne Henry With all eyes on mid-term elections in the United States, almost no one noticed that on the same day the US State (...)


MORE






Latest Press Releases


Progress observed at end of second month of R-ARCSS implementation 2018-10-22 06:44:02 Press Release 21 October 2018 South Sudanese government released 24 detainees in the implementation of the revitalized peace agreement said the International Committee of the Red Cross (ICRC) (...)

4th Annual Tony Elumelu Foundation Entrepreneurship Forum Announced for 25th October 2018 2018-10-15 12:38:14 PRESS RELEASE OCTOBER 14, 2018 Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its (...)

Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.