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South Sudan launches global appeal for financial help

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August 22, 2016 (JUBA)- South Sudan government has pleaded with countries in the region and the global community to assist is financially to enable to it pay employees and avert a deterioration of humanitarian crisis in the wake of the recent outbreak of conflict.

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South Sudan minister Stephen Dhieu Dau (Getty photo)

"Truth must be said. There is nothing in the treasury. The central bank is empty. It has no money. The little which comes from oil and the non-oil revenues goes for defense and security loans. This leaves nothing to pay employees”, a senior official at the ministry of finance told Sudan Tribune Monday.

The official, speaking on condition of anonymity, said prices of consumer goods and services have increased in the markets because traders from the region fled and others left the country following last month’s fighting between rival forces in the capital, Juba.

This, he said, has forced president Salva Kiir and members of his government to dispatch high level delegation of Transitional Government of South Sudan led by First Vice-President Taban Deng Gai, to start with diplomatic engagement with countries in the region with the hopes the leadership of these countries will in turn sympathize with the government and provide them with financial support.

“The mission being undertaken by the first vice president Taban Deng Gai is to salvage the economic situation as the first priority and the purpose is to let the region know that peace is not dead. Because if peace dead, the international community and the region will not sympathize with the government on the current economic situation," said the official.

He added, "The message of the government and the SPLM—IO leadership under Taban Deng Gai is one, salvaging the economic situation by implementing key provisions of the peace agreement. Now the president has agreed in principle with Taban to expedite integration of SPLA-IO forces and to reopen oil wells in unity and other areas in Upper Nile”.

The third objective, he further explained, is for the leadership of the transitional government of national unity to speak with one voice to the donor community and international financial lending institutions and organisations to provide loans.

Last week, South Sudan’s newly appointed first vice president visited Kenya and held talks with President Uhuru Kenyatta, during which he openly appealed to the Kenyan government to give his country a soft loan to help it deal with its current problems.

“We have been facing difficulties in delivering services to the people and we briefed President Kenyatta about the current economic difficulties the country is facing. We are experiencing severe inflation because of the civil war, poor oil production and the low oil prices, which have basically drained us as we are not making money. We asked Kenya for help so that our economy does not grind to a halt,” said Gai.

The first vice president, who made the remarks during a press conference at the Nairobi Intercontinental Hotel after a meeting with President Kenyatta, requested Kenya’s support for implementation of the peace agreement by the Transitional Government with the current status. This implies exclusion in participation of the unity government of armed opposition and former first vice president Riek Machar.

In response, President Kenyatta reportedly asked Gai and his group to send their finance minister, their Central Bank Governor and agriculture minister to Nairobi with a clear proposal, including the amounts needed and the modalities for repayment.

"Kenya can then determine its level of commitment “cognizant of the fact that the country also has economic interests in South Sudan and cannot be aloof to the suffering of its people," said the Kenyan leader.

(ST)

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  • 23 August 2016 00:13, by marie

    South Sudan is a sovereign state and should solve its problem than than beg with a leaking bowl.

    repondre message

    • 23 August 2016 04:42, by Force 1

      Marie;

      You have no idea of how governments in other countries work in the world. There is no government that doesn’t borrowed load no matter where you go in the world. United States of America is $ 19 Trillions in debt and it’s known as the richest country in the world. There is nothing called begging for money; but it’s called load and every country has it! Where did you come from uninformed?

      repondre message

      • 23 August 2016 06:25, by Freedom Fighter

        Why the Central Bank of South Sudan is empty. Does the government have right monetary policy. Is there any qualify individuals running the Bank and the country’s economic in general. I don’t buy the argument that Riek Machar and his White Army are responsible for the chaos but someone is.

        Freedom Fighter

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      • 23 August 2016 07:51, by Joseph Canada

        The sovereign nation should be able to support it’s own. Billions have been powered to South Sudan but ended up in the hands of the tribal government. The citizens whom you are killing should be the one supporting its nation through Taxation and other revenues are fisheries, farming,mining and traffics. Unfortunately you kill them. So DON’T BEG OTHER NATIONS TAX PAYERS. YOU KILLED YOURS. !!

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      • 23 August 2016 08:33, by dinkdong

        You mean loan? Just checking.

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      • 23 August 2016 10:11, by Mr Point

        Just explain what’s going to happen to food prices when the govt borrows even more money to service existing debt payments for the cost of Kiir’s War. Since independence Kiir has ensured the "sovereign nation" is diplomatically isolated. Which country has an interest in supporting a corrupt and failing regime?

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    • 23 August 2016 10:26, by Mr Point

      KIir has alienated the USA, the Troika, so no support will come from there. Future loans from any lender will require the "sovereign nation" to cut the salary bill for government and army.

      repondre message

  • 23 August 2016 08:36, by dinkdong

    Let the 75 gov’t officials give back the money they looted.

    repondre message

  • 23 August 2016 08:53, by jur_likang_a_ likan’g

    It is sad to hear honourable minister saying that their treasury is now empty. Didn’t you know the pursuit of war against your political opponents would cost you hell? What was supposed to be a political affair in 2013, you made it military that drained your treasury and made you beggars. The best you can do resign and leave those with capability to run the show.

    repondre message

  • 23 August 2016 09:02, by Bazinguaboy

    Who said we need an economy? South Sudan is a sovereign nation that does not need foreign forces, or aid, or services or foreign loans. We have survived without salaries for the 21 years of struggle. If we need money, we just loot, or ask big brother or beat the hell out of our compatriot or, better yet, kill ’em. Just keep your foreign hands out of our sovereign affairs and we will sort ourselves

    repondre message

    • 23 August 2016 10:14, by Mr Point

      A brilliant summary of Dinkanomics!!!

      repondre message

  • 23 August 2016 10:09, by Abdelraman

    The main issue isn’t Central Bank is empty, but the people who are runing the Banks are appointed by the president, and the president dealing with the Banks wildness. War, curraption, maladministration, many illiterate generals, so how can the country financial survive.

    repondre message

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