June 17th 2019 (Nyamilepedia) – South Sudan government needs more money for the implementation of the revitalized peace agreement it signed with rebel groups in September last year, a senior government official said.
Information Minister Michael Makuei on Friday said the government is seeking to borrow as much as $500 million from Afri-Exim (or African Export and Import Bank) in an effort to bridge budget deficit.
“The presentation from the minister of Finance and planning, that he gave were two presentations. The first one was on a loan facility of 500 million US Dollars to be borrowed from the Afri-Exim that’s the African Import and export bank,” Makuei told journalists in Juba on Friday.
South Sudan government and opposition groups signed in September last year a revitalized version of a 2015 peace deal aimed at ending the bloody conflict.
Based on the agreement, a unity government was supposed to be in place in May but budget deficit, as blamed by the government, prevented many provisions of the agreement meant to be implemented before any government formation.
This led to a decision by the parties to the agreement to postpone the government formation for six months. And to avoid further delay in the implementation of the pre-transitional activities, the government is seeking more money from donors.