{"id":2439,"date":"2021-10-07T16:18:49","date_gmt":"2021-10-07T16:18:49","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiirs-tight-grip-on-oil-money-obstructing-reforms"},"modified":"2021-10-07T18:03:10","modified_gmt":"2021-10-07T18:03:10","slug":"kiirs-tight-grip-on-oil-money-obstructing-reforms","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/kiirs-tight-grip-on-oil-money-obstructing-reforms","title":{"rendered":"Kiir\u2019s \u2018tight grip\u2019 on oil money obstructing reforms"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/south-sudan\">South-Sudan<\/a>. <\/strong><\/span>The International Crisis Group (ICG) has said in a report released on Wednesday that the government of South Sudan under President Salva Kiir Mayardit\u2019s tight grip on oil revenues is hampering efforts to effect reforms provided for in the revitalized peace agreement and also blocking external scrutiny.<\/p>\n<p>\u201cSouth Sudan\u2019s rulers keep a tight grip on its oil wealth, blocking outside scrutiny and obstructing reforms urgently needed to ease both popular hardships and political tensions. Along with International Monetary Fund support, a peace deal has kickstarted new efforts to fix the country\u2019s broken finances,\u201d the ICG said in the \u2018Oil or Nothing: Dealing with South Sudan\u2019s Bleeding Finances\u2018.<\/p>\n<p>The report said President Salva Kiir Mayardit\u2019s rivals will have no incentives to wage rebellions \u201cIf President Salva Kiir\u2019s government begins to clean up the country\u2019s budget, as it has pledged to do.\u201d<\/p>\n<p>\u201cThis largesse abruptly ended as President Kiir moved to consolidate power after independence, sidelining his rivals and firming up his grip on the oil economy. The result was to fracture the country into warring ethno-political camps that continue to be a source of instability despite the formation of a unity government in 2020,\u201d the report said.<\/p>\n<p>\u201cAs South Sudan struggles to recover from civil war, its broken state finances are receiving renewed attention. During the war, Kiir mortgaged future oil exports for advance loans from a small group of commodity traders and commercial banks, piling up debt while hiding the country\u2019s finances ever further from sight. Meanwhile, his loyalists diverted large portions of state revenue from the official budget, which is so leeched that the government routinely fails to pay salaries. The result is a cash-strapped state and a deeply aggrieved population with little confidence in its leaders, amplifying political and ethnic animosities.<\/p>\n<p>\u201cStabilising the country appears impossible without fixing its economy. South Sudan is a divided and fragile state that requires fairer power sharing in the centre and a devolution of authority outside Juba, but the parties cannot reach such a political settlement until they are adequately accounting for and sharing the oil funds. Frustrations are also boiling over among donors, who increasingly believe that their huge sums of humanitarian aid are sustaining a kleptocratic elite.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Sudan. The International Crisis Group (ICG) has said in a report released on Wednesday that the government of South Sudan under President Salva Kiir Mayardit\u2019s tight grip on oil revenues is hampering efforts to effect reforms provided for in the revitalized peace agreement and also blocking external scrutiny. \u201cSouth Sudan\u2019s rulers keep a [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":2438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,1110,233,1111],"class_list":["post-2439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-obstructing","tag-south-sudan","tag-tight-grip"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kiir\u2019s \u2018tight grip\u2019 on oil money obstructing reforms - 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