South Sudan economy faces 5% decline due to Sudan war ...Sudan

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South Sudan economy faces 5% decline due to Sudan war
August 1, 2024 (JUBA) – South Sudan’s economy is projected to decline by 5 percent in 2024 compared to last year’s 7.0 percent, a new report has shown. The African Development Bank (AfDB) report, released on July 31, 2024, cited South Sudan Country Focus Report 2024 data collected between March and July 2024. The decline is attributed to the disruption of oil flow due to Sudan’s ongoing war. Oil is the mainstay of the annual budget and expenses of the government of South Sudan, thus a disruption by the war in Sudan has resulted in the decline of the sources of revenue in a country struggling to recover from internal conflict and the slow-paced implementation of the 2018 revitalized peace ag

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