{"id":16515,"date":"2022-05-11T12:24:38","date_gmt":"2022-05-11T12:24:38","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans"},"modified":"2022-05-11T13:04:01","modified_gmt":"2022-05-11T13:04:01","slug":"vp-taban-appeals-to-japanese-government-for-soft-loans","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans","title":{"rendered":"VP Taban appeals to Japanese government for soft loans"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>The Vice President for infrastructure cluster has appealed to the Japanese government to provide South Sudan with a soft-loan for development projects in the country.<\/p>\n

<\/a><\/p>\n

A soft loan \u2013 also known as soft financing \u2013 is a loan with no interest or a below-market rate of interest.<\/p>\n

It has lenient terms, such as extended grace periods in which only interest or service charges are due, and interest holidays.<\/p>\n

Soft loans typically offer longer amortization schedules \u2013 in some cases up to 50 years \u2013 than conventional bank loans.<\/p>\n

They are often offered not only as a way to support developing nations but also to form economic and political ties with them.This often happens if the borrowing nation has a resource or material that is of interest to the lender, which may want not only repayment of the loan but favorable access to that resource.<\/p>\n

On Tuesday, Vice President for infrastructure cluster, Taban Deng Gai appealed to Japan to give South Sudan soft loans.<\/p>\n

Kawaja Kau, the press secretary in the office of Taban says his boss\u2019s request is for development projects in South Sudan.<\/p>\n

Kau also stated that VP Taban expressed appreciation to Japan for the construction of the Freedom Bridge in Juba.\u201cHis excellency [Taban] appreciated the government of Juba for building a very wonderful bridge,\u201d Kau told the state-owned TV, SSBC on Tuesday.<\/p>\n

\u201cHis excellency also appealed to the Japanese government that they should also provide a loan, a soft loan because the government of Japan has done a lot for the people and government of South Sudan.<\/p>\n

\u201cThere is a need also for the government of South Sudan to request for a soft loan and if that soft loan is granted it will be also good.\u201d<\/p>\n

Kau did not mention how much soft loan the government is appealing for from the Japanese government.<\/p>\n

In June 2019, the International Monetary Fund said South Sudan\u2019s habit of taking loans from various continental and global banks -with the promise to repay them with proceeds from future oil revenues -is expensive and nontransparent.<\/p>\n

President Salva Kiir then instructed the then Minister of Petroleum, Daniel Awou not to demand or accept oil advances before the actual sale of South Sudan\u2019s crude oil to the international market.He said the government should only receive money that is generated from the oil sale and not loans.<\/p>\n

In May last year, some citizens criticized the government for continually taking money from international financial institutions in the name of the people, but delivering no services.<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. The Vice President for infrastructure cluster has appealed to the Japanese government to provide South Sudan with a soft-loan for development projects in the country. A soft loan \u2013 also known as soft financing \u2013 is a loan with no interest or a below-market rate of interest. It has lenient terms, such […]<\/p>\n","protected":false},"author":84,"featured_media":16514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,12],"tags":[234,265,233],"class_list":["post-16515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-policy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nVP Taban appeals to Japanese government for soft loans - South Sudan<\/title>\n<meta name=\"description\" content=\"The Vice President for infrastructure cluster has appealed to the Japanese government to provide South Sudan with a soft ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VP Taban appeals to Japanese government for soft loans\" \/>\n<meta property=\"og:description\" content=\"The Vice President for infrastructure cluster has appealed to the Japanese government to provide South Sudan with a soft ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-11T12:24:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-11T13:04:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/05\/postQueueImg_48.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"847\" \/>\n\t<meta property=\"og:image:height\" content=\"498\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"VP Taban appeals to Japanese government for soft loans\",\"datePublished\":\"2022-05-11T12:24:38+00:00\",\"dateModified\":\"2022-05-11T13:04:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans\"},\"wordCount\":438,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2022\/05\/postQueueImg_48.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/vp-taban-appeals-to-japanese-government-for-soft-loans\",\"name\":\"VP Taban appeals to Japanese government for soft loans - 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