Thursday 11 July 2024 - 09:14

South Sudan's President Sacks Finance Minister, Sixth since 2020

Story Code : 1147096
South Sudan
Kiir gave no reason for firing Awow Daniel Chuong, who was appointed in mid-March this year, the report said late on Wednesday, and economist Marial Deng has been tapped to replace him as finance minister, Reuters reported.

South Sudan's economy has been under pressure in recent years amid communal violence, with crude oil export revenue having dwindled since a 2013-2018 civil war and more recently export disruptions due to war in neighboring Sudan.

Central bank governor James Alic Garang said in May South Sudan's foreign exchange reserves were at historic lows.

The International Monetary Fund projects consumer price inflation at a lofty 54.8% this year.

Kiir became South Sudan's first president in 2011 when it gained independence from Sudan.

The country is due to elect a president, members of parliament and regional representatives in December.