By Ruot George The Central Bank of South Sudan has announced it will double the amount of foreign currency it auctions to financial institutions during the festive period. In a statement today, the lender said it will give out $16 million instead of the $8 million it usually auctions. “With the coming of the festivities’ […]
By Onen Walter Solomon Part of a Rapid Credit Facility the International Monetary Fund provided South Sudan in 2020 were diverted to individuals, a report from the country’s auditor general said. The country received $52.33 million in November 2020 meant majorly for payment of salaries amid an economic setback caused by the COVID-19 pandemic. According […]
By Okech Francis South Sudan has slashed the 2021-2022 fiscal year budget by more than half due to funding shortfall to run an earlier proposed budget, the Deputy Minister of Finance, Agok Makur said. The crude producing nation’s government prepared a new budget of 287.04 billion South Sudanese Pounds ($700 million) way below a 613 […]