Monday, 5 December 2011

Headlines: South Sudan seeks over $600 million from international banks

Sudan Tribune - December 2, 2011 (JUBA) - South Sudan plans to borrow $679 million in the 2011-2012 financial years to invest in improving its road and rail networks, a senior official with the Finance Ministry said on Friday.


That will be in addition to the $250 million loan expected from other internationals bank including International Monetary Fund, as well as the African Development bank, the official who requested to remain anonymous having not been authoritised to speak to the media told Sudan Tribune on Friday.
The official said the government is seeking to raise at least $750 million in the 2012-13 periods...More

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