South Sudan Considers Borrowing as It Prepares for ‘Worst’

South Sudan will raise funds from local banks, boost tax collection and consider borrowing outside the country to offset the impact of a looming shutdown of its oil exports, Finance Minister-designate Aggrey Tisa Sabuni said.

While the government is seeking to negotiate a solution to Sudan’s threat to halt the country’s crude shipments, its strategy toward the neighboring state is to “hope for the best and prepare for the worst,” Sabuni, 62, said in an interview on Aug. 2 in the capital, Juba.