17/12/2014
action needed to avert ?catastrophe?
As if South Sudan hasn#8217;t enough to contend with, now it has the reprove of the usually buttoned-up IMF. Following a review of the oil-dependent economy, the IMF outlines the #8220;acute challenges#8221; facing the new country, which started tearing itself apart in a civil war just three years after achieving hard-won independence from the Khartoum regime to the north. In the first Article IV Consultation with South Sudan since the country became an IMF member in April 2012 #8211; jargon for the IMF#8217;s overarching macroeconomic assessment #8211; the Fund paints a sorry state for the country with the highest per capita income in the region bar Kenya.Read more (© The Financial...
