World Bank concerned over Sudan, S. Sudan economies
JUBA — The World Bank warned Tuesday of its “deep concern” at the struggling economies of foes Sudan and South Sudan, locked in a bitter border dispute and an oil shutdown over transit fees.
“The World Bank is deeply concerned with the economic and development impact of the unresolved oil issues and how this will affect the people of both South Sudan and Sudan, particularly the most vulnerable,” it said in a statement.
Offering support to both Juba and Khartoum to ensure the “protection of vulnerable people from economic hardship,” the Bank said the rivals were struggling after a furious dispute over oil payments.
“Given the desperate living situation being faced by people in both Sudan and South Sudan, the World Bank‘s economic analysis unambiguously shows that it is in the interests of both countries to resume talks urgently,” the Bank added.
South Sudan broke away from Sudan in July after a 2005 peace deal ended one of Africa‘s longest civil wars, which killed about two million people.
But tensions soon flared again over a series of unresolved issues, including the border, the future of disputed territories and oil.
As a result of independence, landlocked
Category: South Sudan News
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