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Vol 56 No 10

Published 15th May 2015

South Sudan

The other crisis

As government funds dry up and talks with the World Bank break down, Juba is seeking increasingly risky loans

The government in Juba is trying to make do with virtually no income. The fall in the world price of oil, the government's main source of income, has been particularly bruising. Having agreed with Khartoum in 2013 to a fixed rate for exporting oil through Sudan's pipelines, Juba is now estimated to earn just US$10 per barrel. Only a year ago, earnings were $40 per barrel. One independent source in Juba reckons income could be as low as $5 per barrel.

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