South Sudan Economy On the Verge of Collapse, World Bank Warns

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South Sudan Economy On the Verge of Collapse, World Bank Warns

South Sudanese citizens show support for their government’s decision to shut down all oil production. (Photo Courtesy Issac Billy/UN

allafrica.com - May 6, 2012

Washington — The newly independent state of South Sudan is quickly headed towards an economic cliff in light of its decision to shut down oil production which went into effect earlier this year, says a confidential report by the World bank.

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