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Sudan and South Sudan to jointly write off foreign debts

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October 31, 2017 (KHARTOUM) – The governments of Sudan and South Sudan on Monday agreed to jointly work on convincing the international community into writing off their joint foreign debts and to extend the zero option agreement that expires on October 2018.

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Sudan and South Sudan finance ministers and central bankers meet in Washington on 14 Oct 2017 (SUNA photo)

The decision, SUNA reported, was agreed upon during at a meeting held between Sudan’s finance minister, Mohamed Osman Al Rikabi and his South Sudan counterpart, Stephen Dhieu Dau in Khartoum.

Both leaders reportedly agreed it was vital to secure the African Union’s support in handling the question of the joint foreign debts. The undersecretaries of the two nation’s ministries attended the meeting.

Meanwhile, the Sudanese finance minister, as the meeting, pledged to provide training and capacity building for staffers from the South Sudan ministry of finance. He also said all arrears of former employees and pensioners who worked in the government bureaucracy prior to South Sudan’s secession would be settled.

Al Rikabi, according to SUNA, underlined the keenness of the Sudanese government to strengthen further relations between the two countries saying Khartoum looks forwards to the coming visit by South Sudan President Salva Kiir to Sudan on Wednesday this week.

“He [Al Rikabi] expressed hope that Sudan looks forwards to signing a number of agreement, more confidence building and to better neighborhood relations between the two countries,” SUNA reported.

During the meeting in Khartoum, the two sides reportedly agreed to open the crossing point and to encourage trade, facilitate customs and banking procedures and ease people movement between the two countries as well as the smooth flow of commodities and goods to help better and reinforce relations between the two countries.

South Sudan got the lion’s share of the oil when it split from Sudan in 2011, but it’s only export route is through Sudan, giving Khartoum leverage and leading to ongoing pricing disputes.

Since its independence, however, South Sudan has relied on oil for all income—a situation that has significantly compounded ongoing political and economic instability due to the fall in crude oil prices.

According to South Sudanese officials, production had in the past reached as high as 350,000 bpd, but this fell after a dispute with Sudan over fees for pumping South Sudan’s crude through Sudan’s export pipeline, which led South Sudan to halt production in 2012.

(ST)

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  • 1 November 08:22, by jubaone

    Each country must be responsible for her debts and carry the burden separately. Sudan used the oil resources to kill SS while the Juba thugs siphoned theirs to finance their families in foreign countries. Why would they make a joint debt relief anyway? Can’t the jienge slave think without his jellaba master?

    repondre message

    • 1 November 12:19, by South South

      jubaone,

      The issue of foreign debts relief is bigger than your tiny brain. Leave it to smart people in Juba to deal with it. For you, I have very small things for you when you surrender to Juba, I will start teaching you very slowly to learn them first, then we will see how it will go with you, you get it.

      repondre message

      • 1 November 12:43, by Don-Don Malith Rual

        By the time these outstanding grant was relieved, there were conditions attached to it, one of them was the issue of Oils as a promise that America will lead in refinery. Now its appears that the China is the one who is subsidising the oils.
        We outstanding balance was also given on a different grounds.
        This is very hard to comphrend, it needs experts from both sides to deal with it.you can send

        repondre message

        • 1 November 12:47, by Don-Don Malith Rual

          You can send me if you need amicable resettlement of this debt
          , there’s consultation fee for your information. But negotiatiable

          repondre message

      • 1 November 13:03, by jubaone

        South South,
        Garang was the only smart jienge, the rest are just tailless monkeys dressed up in second-hand blazers pretending to be and think like humans. I am not a jienges and so I dont want to waste my time with idiots like you.

        repondre message

        • 1 November 13:11, by South South

          jubaone,

          You are the only idiot, stupid an dumb ass I have ever seen. We have many Dinkas who went to Harvard, Yel, Cambridge, Oxford and MIT. We have a Dinka who lectures at MIT. Dinka are known all over the world of being very smart people, but wicked people who can not tell us their heads from feet are sitting here making bogus statement without any concrete evidences to support their claim.

          repondre message

          • 1 November 14:20, by jubaone

            South South

            Yale and not "Yel" smart idiot.

            repondre message

            • 1 November 15:19, by South South

              jubaone,

              Good enough, spell mistake for a name, not a big deal, but wicked people like you know now that Dinka are everywhere including leading universities in the world, shut up and leave us alone to rule our country, shit and coward.

              repondre message

              • 1 November 19:31, by jubaone

                South South,
                Jienge fool, go fake or buy a worthless degree bciz you are just stupid. If you were intelligent, you could have used your brains to develop your stinking luaks. Education means nothing to a jienge. Just go look after cows: eat, sleep and shit 💩 like a cow, dump jinga-jienge. Everywhere you go MTN.

                repondre message

                • 1 November 20:35, by South South

                  jubaone,

                  Yes, that’s the right word, Dinkas are everywhere including your own village, nothing you can do about it. Shut up dumb ass. You will worship us soon. You MUST follow us if you want to come back to South Sudan, idiot!!!!!!!

                  repondre message

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