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South Sudan's president sacks finance minister, sixth since 2020

12 Jul 2024

South Sudan's President Salva Kiir has sacked the country's finance minister who was just four months into the job, state-owned television reported, the sixth replacement in the post since 2020.

Source: Reuters.

Kiir gave no reason for firing Awow Daniel Chuong, who was appointed in mid-March this year, the report said late on Wednesday, 10 July 2024 and economist Marial Deng has been tapped to replace him as finance minister.

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 neighbouring 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.

Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Go to: https://www.reuters.com/