South Sudan Seeks $200 Million ln Credit Line For Imports
South Sudan aims to seal a $200 million credit line from an international bank within three months to cover imports and bolster the local currency, a minister said, after an oil shutdown erased the source of almost all its hard currency.
By Alexander Dziadosz
JUBA, 17 September 2012 [REUTERS]-
In June, the newly-independent nation secured a similar deal for $100 million from Qatar National Bank (QNB), used to issue letters of credit for imports like food, fuel, building materials and medicine. Click here for the full article