Tag: parek maduot
South Sudan’s Central Bank slashes benchmark rate to 13% in response to COVID-19
South Sudan’s central bank has slashed its benchmark interest rate by 200 basis points to 13 per cent to help the economy cope with the effects of COVID-19. According to governor, the flow of credit to the private sector had started to decline during the outbreak and the policy easing was aimed at accelerating lending. Parek Maduot, Director of Economic Development & Regional Integration, at the International Conference on the Great Lakes Region joined CNBC Africa more.
South Sudan confirms first case of COVID-19
South Sudan is the latest African country to confirm its first case of COVID-19. The virus is having profound and serious impact on the global economy and has sent policymakers looking for ways to respond. Parek Maduot, Director of Economic Development &Regional Integration, at the International Conference on the Great Lakes Region joins CNBC Africa for more.
South Sudan’s rebounding oil sector the catalyst behind growing economy
According to World Bank, South Sudan's economy recovered with a growth rate estimated at 3.2 during the financial year 2018/2019 from a contraction of 3.5 per cent during the 2017/2018 financial year. These developments reflect activity in the oil sector which rebounded strongly. Also, the country's total public debt during the fiscal year 2018/2019 was estimated at 34.2 of Gross Domestic Product (GDP) of which external debt is 30.2 per cent. Parek Maduot, Director of Economic Development &Regional Integration at ICGLR joins CNBC Africa for more.
South Sudan economic outlook
South Sudan lawmakers stormed out of budget presentation in parliament citing frustrations over non-payment of salaries to civil servants and soldiers. Parek Maduot, Director of Economic Development and Regional Integration at International Conference on the Great Lakes Region joins CNBC Africa for more.
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