South Sudan in talks with Qatar National Bank after $1 billion court ruling ...Sudan

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South Sudan in talks with Qatar National Bank after $1 billion court ruling
May 29, 2024 (JUBA) – South Sudan announced today that it is actively negotiating with Qatar National Bank (QNB) to reach an amicable resolution after a court ordered the nation to pay $1 billion for a defaulted loan. Finance Minister Daniel Awou Chuang assured the public that the government is committed to fulfilling its obligations and described the ongoing discussions as a means to overcome misunderstandings regarding the payment process. “We have not refused to pay,” Chuang stated. “The delay occurred due to other pressing commitments, but we have initiated talks with QNB, and progress is being made.” Chuang emphasized the strong and friendly relationship between South Sudan and Qatar,

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