South Sudan Fails to Pay Workers as Oil Plunge Fuels Crisis

SourceBloomberg
SectorOil & Gas
CountryGCC

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. ...read more...