Sudan’s economy crisis might get worse without a solution

Global Business

Economic experts in South Sudan warned that the country’s sliding economy might get worse if a solution to the current crisis facing the country is not found soon. Commodity prices have almost doubled as the country’s currency continues to slump against the dollar.

Sudan's economy crisis might get worse without a solution

Economic experts in South Sudan warned that the country's sliding economy might get worse if a solution to the current crisis facing the country is not found soon. Commodity prices have almost doubled as the country's currency continues to slump against the dollar.

CCTV’s Kofa Mrenje reports from South Sudan’s capital Juba.

Highlights:

  • The government of South Sudan depends heavily on oil revenue and about 90% of foreign aid.
  • Oil production has significantly dropped since the start of the conflict 18 months ago. And the fall in global oil prices makes the situation worse.
  • All eyes now will be in Ethiopia’s capital Addis Ababa, where chief negotiators have been meeting since Monday to set the agenda and set new dates for a fresh round of talks aimed at finding a solution to the crisis.