Pressdia Ad

South Sudan President Dismisses Finance Minister as Economic Crisis Deepens

South Sudanese President Salva Kiir has dismissed Finance Minister Marial Dongrin Ater in a cabinet reshuffle, replacing him with Athian Ding Athian, who previously held the role from 2020 to 2021. Reuters reports that this marks the seventh finance ministerial change since 2020, underscoring persistent turbulence in the country’s economic management.

The shakeup comes amid severe fiscal pressures. Projections from the International Monetary Fund point to a 4.3% economic contraction in 2025, with inflation expected to surge to 65.7%, fueled by declining oil revenues and disruptions from Sudan’s ongoing conflict.

Analysts observe that frequent changes at the helm of the finance ministry complicate South Sudan’s engagement with international lenders and donors, while raising concerns among investors over policy continuity. The lack of clarity on reform direction has heightened uncertainty across both public finances and the private sector.

The latest appointment highlights the government’s struggle to stabilize its fiscal framework, as rising prices and shrinking revenues weigh heavily on households and businesses. Market watchers suggest that restoring investor confidence will require stronger policy consistency alongside urgent measures to cushion the economy.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Eurovision stars light up Vienna’s turquoise carpet ahead of opening night

Eurovision Song Contest 2026 contestants and delegations walked the iconic turquoise...

AltBank launches non-interest financing initiative to strengthen local drug manufacturing

The Alternative Bank has unveiled a new non-interest financing initiative aimed...

Motsepe says strategic partnerships are strengthening South Africa’s mining industry

Patrice Motsepe says growing partnerships between mining companies, governments, and international...

Macron unveils $27bn Africa investment push as France counters China’s growing influence

Emmanuel Macron has announced a €23 billion ($27 billion) investment initiative...

Nassef Sawiris and Wes Edens push to expand football empire into France

Nassef Sawiris and his Aston Villa co-owner Wes Edens are reportedly...

African leaders push for fairer risk pricing and fresh investment at France-Africa summit

African leaders gathered in Nairobi for the Africa Forward summit are...

MTN posts 27.9% rise in Q1 core earnings as fintech and data growth lift performance

MTN Group reported a 27.9% increase in first-quarter core earnings, driven...

Tropical Luxury in Nature’s Embrace — Constance Ephelia Mahe

Set between two pristine beaches on the island of Mahé, Seychelles,...

Related Posts

Eurovision stars light up Vienna’s turquoise carpet ahead of opening night

Eurovision Song Contest 2026 contestants and delegations walked the...

Motsepe says strategic partnerships are strengthening South Africa’s mining industry

Patrice Motsepe says growing partnerships between mining companies, governments,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here