PaanLuel Wël Media Ltd – South Sudan

"We the willing, led by the unknowing, are doing the impossible for the ungrateful. We have done so much, with so little, for so long, we are now qualified to do anything, with nothing" By Konstantin Josef Jireček, a Czech historian, diplomat and slavist.

South Sudan silent on $4.5 bn loan obtained after oil shutdown

1 min read

If indeed we had borrowed $4.5 billion, and we have to pay it back now before austerity measures are relaxed, then what was the point of the austerity measures in the first place since we had the borrowed money? How much national reserves did we have before the oil shutdown and how was that reserves, couple with the loaned $4.5 bn, used? Simply put, did we have to implement budget cuts with $4.5 bn plus the reserves in our coffers? And why is this news about borrowed money surfacing now?

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