He added that the country is still in the delicate process of writing a new constitution and holding elections for a new legislature and president,
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GT: While neither side has showed any sign of bowing to global pressure to return to the negotiating table, how do you see the future of the Sudans?Xu: In the aftermath of its bold decision to stop oil production, South Sudan is under considerable financial stress. It is struggling to find funding for its huge deficit and meet the basic needs of its people, not to mention building an alternative pipeline for its crude oil. Meanwhile,
true religion outlet online, northern infrastructure has also been hit by the fighting. If things get worse, damage to key pipeline infrastructure may halt all oil flows. Both oil-dependent economies are on the brink of collapse. Although the south said they would not need to resume crude exports through the north once they finish an alternative pipeline, it has to be faced with livelihood problems before that,
celinebagsemotion, maybe within three or four years at least.The only option for both sides is to restart negotiations with rational expectations over a series of territorial and oil-related disputes to avoid an all-out war, although the chance of the two Sudans reaching a settlement soon is now very remote.
But according to Costello s Commission of Audit, net debt is not the best measure of the state s liabilities. It includes the financial assets that have been built up to fund the state s super schemes and which therefore are not available to cover the gross debt on issue. It recommends a different measure, called net financial liabilities:
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