The World Bank is deeply concerned with the economic and development impact of the unresolved oil issues and how this will affect the people of both South Sudan and Sudan, particularly the most vulnerable.
The World Bank Group says it will continue to work closely with both South Sudan and Sudan to support the countries through their economic difficulties, focusing on economic resilience, protection of vulnerable people from economic hardship andlonger term development needs.On Monday, Sudan Tribune website ran a story attributed to the World Bank that South Sudanese economy was √É’on the verge of collapse.’
The Bank issued a statement saying that the recent press stories from South Sudan misrepresent the nature and content of the dialogue between the World Bank, the Government and development partners.
The ongoing dialogue between the World Bank and South Sudan focuses on positive steps that can be taken to manage the different economic scenarios arising out of its oil dispute with Sudan.
Given the desperate living situation being faced by people in both Sudan and South Sudan, the World says it is in the interests of both countries to resume talks urgently and resolve their ongoing dispute over oil payments and other issues peacefully.