South Sudan Needs Financial Transparency

Discussion in 'Politics' started by Options12, May 18, 2012.

  1. Options12

    Options12 Guest

    "Taking on loans with a commitment to repay them in future oil production or revenues can be risky under the best circumstances," said Dana Wilkins, a Global Witness Campaigner. "The risks of corruption and mismanagement are huge, and given the importance of oil to South Sudan's future, the Government must be extremely careful and transparent in managing these deals," she added.

    In South Sudan, oil revenues accounted for nearly 98 percent of the country's annual budget; prior to the government's decision to shut down oil production early this year.
  2. Wonderful! Another place to spend billions and lose lives. These people kill each other by the millions. Afganistan is a summer camp compared to Sudan.
    No point in converting to NG when money can be made with death and destruction in the pursuit of oil.