South Sudan Roundup: Destabilisation of economy, calls for young fighters, ban on illegal forex trade
Bakery Training
The United Nations Mission in South Sudan (UNMISS) and Save a Life International have partnered to support 60 people in Maiwut, South Sudan, by providing training for a bakery business. The initiative has helped to provide employment and economic opportunities for returning residents and has been well-received by the community. According to Social News XYZ, the project is also part of the UNMISS Quick Impact Projects (QIPs) programme, aimed at addressing urgent public needs.
Sudan’s conflicts destabilise South Sudan's economy
South Sudan's reliance on oil revenue, internal strife, and vulnerability to external disruptions have exacerbated economic challenges. The conflict in Sudan has led to significant financial losses for South Sudan and disrupted its oil infrastructure, leading to economic crises and delayed salary disbursements for the armed forces. Reports from the media agency Sudan Tribune add that the conflict also has implications beyond its borders, impacting regional stability and the economy.
Calls for young people to join the fight against paramilitary forces
The Sudanese military leader has called for young people to join the fight against paramilitary forces, claiming thousands of volunteers have registered and are undergoing training. However, this has sparked fear of increased casualties and placed a burden on women. According to a VOA report, some South Sudanese have expressed concern that the call to enlist would expose more young individuals to danger without adequate training.
South Sudan VP warns of conflict spillover threat from Sudan
The Vice President of South Sudan Riek Machar has warned about the threat of conflict spillover from Sudan. During an iftar gathering held at his residence on April 5, Machar said there is an urgent need for intervention to mitigate rising tensions, emphasizing that the repercussions of the conflict in Sudan extend far beyond the economy, media agency Arab News reported.
Ban on Illegal Trading in Foreign Currency
The Central Bank of South Sudan has banned illegal trading in foreign currency to tackle economic challenges. Central Bank Governor James Alic Garang mentioned that the 45-day grace period for informal currency traders to get licenses has ended, but the bank is still open to assisting compliant clients. According to local media Sudan Tribune, law enforcement agencies are directed to enforce this directive, and all authorized dealers are required to comply with displaying buying and selling rates.
