Sudan/South Sudan: Oil Plunge Casts Doubt on South Sudan Plan to End Civil War

Apr 27, 2016 | William Davison, Bloomberg
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South Sudanese rebel leader Riek Machar returned to the capital of the world’s newest nation to rejoin the government and end a two-year civil war. An economic crisis caused by the conflict and a plunge in oil prices could derail everything. The government is almost bankrupt due to sliding crude revenue, while inflation in the city, Juba, is raging at more than 240 percent. The economy shrank 5.3 percent last year and millions of people face starvation. If the state can’t find the cash to pay the thousands of government soldiers and rebel fighters, violence could flare again.