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Economic crisis needs foreign intervention

Author : | Published: Tuesday, March 22, 2016

The economic crisis in the country may not be resolved without intervention from the international community, an economist has said.

Since the devaluation of the pound in December last year, the prices of basic commodities have more than doubled.

Ahmed Morjan, who is also a lecturer at the University of Juba, says the country will need two years to become productive in major economic sectors.

“You need a year and or more to start production, but above all, you need still foreign support in order to put the economy back on its feet,” Mr Morjan told Eye Radio’s Dawn Show that fixing the situation immediately is going to be difficult.

He called on the government to cut spending on foreign missions by reducing the number of its officials working abroad.

The government announced last week it was downsizing the workforce in the foreign missions.

However, some Eye Radio listeners said it is important to implement the peace agreement as part of resolving the economic crisis.

“If peace collapse, the few pounds we have in our hands will disappear and the country will be in a mess,” argues a caller.

 

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