The former Director of Center for Peace studies at the University of Juba Luka Biong said Thursday that he expects South Sudan to recover from the severe economic crisis the country is facing now.
Speaking on Radio Tamazuj’s program South Sudan This Week, Luka Biong attributed the unprecedented economic crisis to the conflict that broke out between the government and the armed opposition, led by Riek Machar, besides the instability in the country’s institutions.
He also stressed in an interview with Radio Tamazuj that the central bank decided to float the exchange rate of local currency against the dollar without any studies.
Biong said he expects the country’s economy to recover if the warring parties implement the peace agreement signed in August last year.
“The implementation of the peace agreement and the formation of the transitional government of national unity are fundamental,” he said.