South Sudan secures $106 million from donors, will buy food - News Summed Up

South Sudan secures $106 million from donors, will buy food


South Sudan has secured $106 million from the World Bank and the African Development Bank, in part to pay for food imports as millions face starvation and to fund the construction of a road to trade partner Kenya, its finance minister said. Finance Minister Stephen Dhieu Dau told Reuters late on Monday that the government had signed a deal with the World Bank for a $50 million grant "to meet the food gaps in South Sudan". Dau said a further $8 million agreed with the World Bank was earmarked for the construction of a road connecting the capital Juba to Kenya. Separately, the African Development Bank will provide loans and grants worth $48 million to help strengthen the recession-hit economy, the minister said, without giving details. South Sudan, the world's youngest country, descended into civil war in 2013 after President Salva Kiir fired his deputy, unleashing a conflict that has spawned a patchwork of armed factions.


Source: The Star April 25, 2017 10:41 UTC



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