The IMF has approved $174 million (148 million euros) in emergency assistance to South Sudan, the country’s central bank governor said Thursday, as floods and depressed oil prices rattle its economy.
South Sudan ran out of foreign exchange reserves last year as oil prices fell sharply due to the coronavirus pandemic, depriving the fragile government in Juba of much-needed revenue and sending its currency into freefall.
Devastating flooding has deepened the economic pain and magnified a humanitarian crisis in the world’s youngest country, which is enduring its worst levels of…
