Domestic and Regional Implications of the Economic Crisis in South Sudan
Dr Luka Biong, Global Fellow, Peace Research Institute Oslo (PRIO); Associate Professor, University of Juba; Fellow, Rift Valley Institute
Dr Pamela Lomoro, Senior Subsea and Onshore Engineer, LP Engineering Consultancy Ltd
Dr Laura James, Affiliated Lecturer, Department of Politics and International Studies, University of Cambridge
Chair: Rosalind Marsden, Associate Fellow, Chatham House
The civil war in South Sudan has destroyed its economy, and the newly formed Transitional Government of National Unity has asked for international support to rebuild the country. Oil production has halved as a result of the conflict and, coupled with the global decline in oil prices, has left the oil-dependent government short of revenue and hard currency. Currency devaluation and soaring inflation has led to rising costs of food, water and fuel. The urgent budgetary support and financial reform required to stabilize South Sudan’s economy is tied to national politics.
Speakers will discuss the domestic and regional implications of the economic crisis. They will also explore prospects for the transitional government to accept concerted diplomatic engagement by international partners, as well as expert technical assistance and oversight from the IMF and the World Bank.