Economics
South Sudan Unveils Three-Pronged Approach to Fix Its Economy
- Finance Minister targets inflation, revenue, service delivery
- Nationwide access to health-care a pillar for success: Athian
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South Sudan’s new finance minister is determined to check runaway inflation as the first step in turning around a country shattered by conflict since it seceded from Sudan in 2011 and, more recently, the coronavirus pandemic.
Production of crude -- the landlocked nation’s main export -- has dropped to 170,000 barrels a day, less than half the output just before war broke out in 2013. Attempts to revive output have been stymied by low international prices, while lockdowns to control the virus have delayed the movement of equipment and materials.