Ruben Madol Arol, the Minister of Justice and Constitutional Affairs, presented a financing agreement between South Sudan and Ethiopia to the national parliament on Wednesday. Addressing the Transitional National Legislative Assembly, Arol highlighted the significance of the agreement in fostering cooperation between South Sudan and Ethiopia across various sectors, including business and politics. - Advertisement -“This agreement, signed on May 18, 2023, between the Federal Democratic Republic of Ethiopia and the Republic of South Sudan, designates South Sudan as the borrower and Ethiopia as the financier,” he explained. “This agreement will enhance cooperation between the parties in various business and political sectors, as it focuses on connecting the road from South Sudan to Ethiopia,” Arol explained. According to the Justice Minister, South Sudan, as the loan borrower, will repay the loan over a five-year period following a five-year grace period from the agreement’s date.
