South Sudan’s Kiir Needs Money To Implementation a Collapsed Peace Agreement
Dec 13, 2016(Nyamilepedia) —— South Sudan’s troubled president, Mr. Salva Kiir Mayardit, appeals for financial aid from the international community to implement a peace agreement.
Although the Compromised Peace Agreement was sabotaged by the resumption of conflict in July this year, President Kiir believes that with enough resources his government can try to implement key provisions of the peace agreement.
“One of our biggest challenges is lack of adequate finances resources needed to implement key provisions of the peace agreement,” Kiir said in a written speech delivered by the Justice and Constitutional Affairs Minister Paulino Wanawilla at the celebration of International Human Rights day on Monday in Juba.
[ad name=”Google Ads 03″]
He said at the UN general assembly in New York, H.E. Taban Deng Gai, a first vice president, also addressed the assembly and informed the world that the “TGoNU is alive” and the main challenge was lack of financial resources to implement the peace agreement.
“Yes, this is the position of the government today.” Kiir said. He added that the government maintains bilateral and diplomatic relations with the people of the world who are here to help the government of South Sudan implement the peace agreement and ensure economic recovery.
He said there is engagement between the government and the supporting countries of the peace agreement like Sudan, Ethiopia, Uganda, South Africa,United States, Norway and Kenya on the progress made in the implementation of the peace agreement.
Kiir said he is aware that the country faces untold economic challenges with SSP losing its value against the US dollar and prices of commodities rising up, creating miserable lives for the citizens.
“We appeal to our partners for any financial support to help in implementation of the peace agreement. Peace is here and we are working hard to implement it, so we need the support of all NGOs and diplomatic missions to help in implementing the peace agreement in letter and in spirit,” said Kiir.
He said his government has remained committed in implementation of the peace agreement despite the challenges facing the government in implementing the peace agreement.
Government Print More Money To Inject Into the Market.
While waiting for financial support, the government is printing more money, according to official from South Sudan Central Bank, to be injected into the market.
The official explains that the new policy is expected to offset huge depreciation of South Sudanese Pound and to enable the government runs its duties.
With more money in the market good prices are expected to fall temporarily but rise spontaneously in the long run.
With no foreign reserves, the economist warns South Sudan currency will depreciate further and inflation may worsen.