South Sudan Fails to Pay Workers as Oil Plunge Fuels Crisis

  • Date: 14-Sep-2020
  • Source: Bloomberg
  • Sector:Oil & Gas
  • Country:GCC
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South Sudan Fails to Pay Workers as Oil Plunge Fuels Crisis

South Sudan is running short of foreign-cash reserves and is struggling to pay public-servants' wages as Africa's newest country battles weak oil prices and violence that's straining a peace agreement.The country generated 3 billion South Sudanese pounds ($18 million) in non-oil revenue in August, which allowed it to pay state workers for April, Deputy Finance Minister Agok Makur said by phone from the capital, Juba. He's hopeful increased non-oil income can help the government settle the May-through-August arrears.