South Sudan Economic Crisis Easing on Sudan Ties, Minister Says
- Sudan ordered reopening of border in January to boost trade
- Oil production in South Sudan rising as conflict eases
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Sudan’s reopening of its border with South Sudan will help to ease an economic crisis in the world’s newest nation that’s caused the currency to collapse and inflation to surge, South Sudanese Foreign Minister Barnaba Marial Benjamin said.
The government announced in January that the border would open for the first time since South Sudan seceded from Sudan in 2011, allowing a flow of cheaper goods. Growth in the East African nation’s economy contracted 5.3 percent last year, according to International Monetary Fund data, because of a two-year civil war that’s curbed oil production.