Wednesday, October 6, 2021

South Sudan's Deteriorating Finances

 The International Crisis Group (ICG) published on 6 October 2021 a paper titled "Oil or Nothing: Dealing with South Sudan's Bleeding Finances."  

South Sudan's state finances are derailing it from the already fraught path to peace and stability after a brutal civil war.  The regimes slush-fund approach to governance and winner-take-all politics helps explain why so much went wrong so quickly after independence in 2011.  Much of the problem has been caused by the government's mishandling of its oil wealth.