When South Sudan became independent 10 years ago, oil revenues were supposed to fuel the economy of the world’s newest country. But shortly after, civil war resumed, oil prices plummeted, and the South Sudanese pound lost value. While elites in Juba split the remaining oil revenues, ground-level civil servants, soldiers and rebels have to get […]
War is stopping Ukraine from paying its debts — here’s how international powers can continue to support its recovery
Ukraine is burning through money fast. The invasion by Russia has been costly for the country. According to the International Monetary Fund, Ukraine’s GDP could shrink by 35% as a result of the war. The country’s international grain exports have been severely hampered, with a recent deal to restart exports likely to move only some […]