Similarly flawed, non-transparent processes for contract payments, procurements, and revenue are operated illicitly to divert non-oil revenues. The Commission’s Conference Room Paper also highlights that South Sudan’s elites have deliberately adopted a highly informal system of oil revenue collection, in which the absence of independent oversight and transparency facilitates and enables the misappropriation of public funds. The Commission’s recommendations aimed at the Government of South Sudan seek to ensure that the State is able to protect and fulfil the rights of its citizens. This plundering also continues to fuel political competition amongst elites, and is a key driver of the on-going conflict, violations and serious crimes, jeopardising the prospects for sustainable peace. In its Conference Room Paper, the Commission has highlighted how the systematic, illicit diversion of State resources has severely undermined the economic, social and cultural rights of citizens. The Commission is mandated to monitor and report on the human rights situation in South Sudan, and to clarify responsibility for alleged violations and related crimes, as well as to make recommendations to improve the situation. The Commission noted that this figure is only a fraction of the overall amount looted as President Salva Kiir himself admitted as far back as 2012, South Sudan’s ruling elites had diverted more than $4 billion USD. This can help you make informed decisions and avoid financial pitfalls.23 September 2021 (Juba/Geneva) – By diverting staggering amounts of money and other wealth from South Sudan’s public coffers and resources, South Sudan’s leaders are undermining human rights and endangering security, the Commission on Human Rights in South Sudan has found in its latest Conference Room Paper presented to the Human Rights Council in Geneva today.Īccording to investigations carried out by the Commission over the past two years, more than $73 million USD was diverted since 2018, including transactions worth almost $39 million USD in a period of less than two months. Seek financial advice: If you are unsure of how to manage your finances in Sudan, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you plan your finances and ensure that you are paying the correct amount of tax. This can help you avoid legal issues and ensure that you are complying with local requirements.Ĭonsider the tax implications: It is important to understand the tax implications of living or doing business in Sudan. Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Sudan. It may also be more convenient to use a local SDG bank account to make purchases and withdraw cash. Use a local Sudanese pound bank account: A local SDG bank account can make it easier for you to manage your finances and pay bills while you are in Sudan. Understand Sudanese pound currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the SDG exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate. Here we list some key points for expats and businesses to consider when managing financial dealings in Sudan: In addition, Sudan has faced political instability and conflict, which have also had an impact on the value of the Sudanese pound.
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