Home | News    Thursday 5 May 2016

S. Sudanese minister urges change to tackle economic crisis

separation
increase
decrease
separation
separation

May 4, 2016 (JUBA) – South Sudan’s finance minister, David Deng Athorbei has urged ministry’s staffs to embark on efforts to address the country’s current economic crisis.

JPEG - 21.2 kb
South Sudan’s minister of finance and economic planning David Deng Athorbei speaks to the press on 23 August 2010 (Photo AFP)

Speaking during a reception party at the ministry headquarters Tuesday, Deng vowed to ride on his past experience to uplift the finance ministry.

“I am not new in the ministry. I am old here but I have to tell you that this time is time of work. We have to work very hard. If we are committed, our performance will change and South Sudan’s economy will improve,” he said.

South Sudan’s new Transitional Government of National Unity faces an uphill task of reviving an economy largely dependent on oil resources to support its budget.

The oil sector, which accounts for over 90 per cent of government revenues, has been badly affected the recent war, in addition to the decline in oil prices on world markets.

Commodity prices also shot up due to the devaluation of the local currency, South Sudanese pound, which has gravely impacted on the transport sector in the country.

Deng said the current economic crisis demands extra efforts from the finance ministry.

“If the ministry of finance and economic planning has to change, every employee will need to change and if we do not do well, all South Sudanese will be angry with us. Let us concentrate so that our country goes ahead,” he said without further details.

In June 2014, oil prices dropped from $112 to $30 per barrel. South Sudan currently produces 160,000 barrels of crude oil from 350,000 per day before war broke out.

Analysts are optimistic that donor nations like the United States, Japan and China will aid the economy. Such assistance, however, will require that South Sudan to initiate economic reforms, fight corruption and improving its human-right records.

Last week, the U.S. government announced more than $86 million in additional humanitarian assistance to help conflict-affected people in South Sudan and refugees in the region. The fund will reportedly provide much-needed safe drinking water, emergency health care, nutrition services, shelter, improved sanitation facilities, agricultural training, seeds and tools for the most vulnerable families and communities.

South Sudan’s largest single donor of humanitarian assistance, the US has reportedly donated nearly $1.6 billion since the start of conflict in the country in December 2013.

(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.
  • 5 May 2016 13:21, by Eastern

    The man responsible for the haemorrhaging of millions of USD into the streets of Juba aka black market is back to where he left the mess and rot. This man must be toast out in the street to be lynched by South Sudanese he so much inflicted pain on! There’s no way you can bring about change in the dead economy by mere wish; drastic changes 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.