IMF says South Sudan must rein in monetary financing

south-sudan

South Sudan’s central bank provided the country’s government with funding equal to approximately 2.1% of GDP last year, and must resist pressure to lend more, the International Monetary Fund said.

“The country is in a serious economic crisis,” IMF staff said in a report, released on June 4. “A relapse into war in mid-2016 spread insecurity across the country and severely affected all economic activities and exacerbated the humanitarian crisis and food insecurity.”

The IMF’s executive board

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