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


Peacekeeping faces challenges: here’s how we can meet them 2018-09-23 11:47:05 By Jean-Pierre Lacroix* United Nations peacekeeping remains one of the most effective tools to respond to today’s challenges of global peace and security. Every day, women and men who serve under (...)

Pragmatic patriarchy of Sudan over South Sudan 2018-09-22 09:28:17 James Okuk, PhD “We honour the human capacity to manage our collective lives with peace and even, at times, dignity” – Barbour & Wright The political process of Sudan and South Sudan has (...)

Salient features of South Sudan latest peace deal 2018-09-21 05:36:06 By Roger Alfred Yoron Modi Last week, the government of South Sudan under President Salva Kiir, various armed and unarmed opposition groups and other parties, including the SPLM/A-IO led by Dr (...)


MORE






Latest Press Releases


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 (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.