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Published 2 months ago

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

  • South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite difficulties managing debts backed by oil reserves.
  • The deal with Hamad Bin Khalifa Department of Projects would be South Sudan's largest oil-backed loan, according to UN experts.
  • Servicing the loan may tie up a significant portion of South Sudan's revenue for many years, with 70% allocated to infrastructure projects.
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Associated Press NewsAssociated Press News

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves.

2 months ago·United States
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abc Newsabc News

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves

2 months ago·United States
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KRDOKRDO

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves. The panel of experts says in a report to the U.N. Security Council that loan documents it has seen indicate that the deal would be South Sudan’s largest-ever oil-backed loan. The experts …

2 months ago·Colorado Springs, United States
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KIFIKIFI

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves. The panel of experts says in a report to the U.N. Security Council that loan documents it has seen indicate that the deal would be South Sudan’s largest-ever oil-backed loan. The experts …

2 months ago·Idaho Falls, United States
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KVIAKVIA

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties in managing debts backed by its oil reserves. The panel of experts says in a report to the U.N. Security Council that loan documents it has seen indicate that the deal would be South Sudan’s largest-ever oil-backed loan. The experts …

2 months ago·Panama City, United States
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Winnipeg Free PressWinnipeg Free Press

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company

UNITED NATIONS (AP) — U.N. experts say South Sudan is close to securing a $13 billion loan from a company in the United Arab Emirates, despite the oil-rich country’s difficulties […]

2 months ago·Winnipeg, Canada
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