South Sudan fails to pay workers as oil plunge fuels crisis

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.

“The situation of economic crisis in South Sudan now is very bad,” he said. “It is not like those days, 2010, 2011, because at that time oil was very high.”

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Source: EnergyVoice

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