Browsing: Riek Machar

South Sudan's new peace sits well with projected growth

South Sudan’s handshake’ has been welcomed by economists who say the deal resonates with the demands of the economy, which according to the World Bank and IMF, expects it to be one of the fastest-growing in the continent.

Last week, a new government of national unity was unveiled with Dr. Riek Machar joining the government as a vice president ending six years of civil war that has killed about 400,000 people and displaced millions. The war has also led to massive looting and wastage of oil and the proceeds of the natural resource leaving the country impoverished.

According to the World Bank, Africa’s top performers in 2020 will be led by South Sudan (8.2%). This coupled with the new peace agreement is expected to overturn the negative tide the country has faced in the last few years.GDP Annual Growth Rate in South Sudan averaged -3.46 percent from 2009 until 2018, …