SOUTH SUDAN: AFTER WAR, DISPUTES OVER OIL LEAD TO ECONOMIC CRISISCharlton Doki
Arik said the move is aimed at reducing the costs of running diplomatic missions amid the ongoing economic crisis in the conflict-torn east African country. According to the World Bank, South Sudan is the most oil-dependent nation in the world, with oil accounting for around 60 percent of it...
He further said that the mechanism would also be tasked with reviewing the imports and exports polices. Sudan has been suffering a dire economic crisis since the secession of South Sudan in 2011, which caused loss of 75 percent of oil revenues. Enditem...
He noted that the delegation came to Sudan to get acquainted with the economic reforms adopted by the government and provide the required technical support. Sudan has been suffering an escalating economic crisis since the secession of South Sudan in 2011, which caused it to lose around 75 percent...
He also expressed Sudan's concern over the continued crisis in South Sudan, calling for cooperation among African countries to end the suffering of the South Sudanese people. For his part, William Ruto expressed Kenya's commitment to achieving peace and stability in the Horn of Africa region. ...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook economic sanctions (redirected fromEconomic sanction) Financial economic sanctions pl n (Government, Politics & Diplomacy) any actions taken by one nation or group of nations to harm the economy of another nation...
Arabia,SouthAfrica,Türkiye,theUnitedKingdom,theUnitedStates,theEuropean Union,andtheAfricanUnion) GCCGulfCooperationCouncil GDPgrossdomesticproduct GEPGlobalEconomicProspects GFCglobalfinancialcrisis GNFSgoodsandnonfactorservices IMFInternationalMonetaryFund LACLatinAmericaandtheCaribbean LIClow-incomecountry MNAMiddle...
Sudan's annual economic growth averaged over six percent during the decade to 2008, but it has since declined, with the crisis only grown since the secession of the south. The economy grew 3.2 percent in 2017, according to the IMF.
The widespread humanitarian crisis precipitated by the violent conflict in northern Ethiopia has left millions of people in need of humanitarian assistance and has placed an entire region on the brink of famine. While maintaining pressure on those persons responsible for the crisis, the United States...
South Sudan's transitional unity government, formed in April, has been embroiled in serious financial crisis as salaries for civil servants continue to be delayed amid recent escalation in violence across the country. Dau said the government must urgently draft the 2016/2017 fiscal budget to allow...