News Sudan Loans: UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company
U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves. The panel of experts said in a report to the U.N. Security Council that loan documents it has seen indicate the deal with the company, Hamad Bin Khalifa Department of Projects, would be South Sudan’s largest-ever oil-backed loan. The experts, who monitor an arms embargo against South Sudan, said in the oil section of the report obtained by The Associated Press this week that “servicing this loan would likely tie up most of South Sudan’s revenue (for) many years, depending on oil prices.”
News Sudan Loans: UN Mission launches political transition talks in Sudan
The United Nations Integrated Transition Assistance Mission to Sudan (UNITAMS) has announced the launch of a reform programme to support the country’s journey to become a full democracy. FILE PHOTO | ...
News Sudan Loans: Troika urges accountability on South Sudan oil data, non-oil revenues
South Sudan’s unity government should ensure relevant data on oil and non-oil revenues are easily available to the public, the Troika said.
News Sudan Loans: Helping hand for South Sudan
Food security is closely related to people's well-being, but it remains a major challenge for South Sudan. With vast and fertile fields, South Sudan has great potential in agricultural development. In ...
