South Sudan pays $1.5 million out of $8.4 million membership arrears owed to EAC bloc
South Sudan has paid $ 1.5 million of $ 8.4 million membership arrears it owes the East African Community.
In his remarks during the 21st Ordinary African Community Heads of States Summit on Saturday via video conference, President Kiir remitted the sum of USD 1.5 million as its first tranche.
“I appealed to EAC’s Secretariat to work with South Sudan officials to restructure the amount South Sudan owes to the EAC and this should be done with the goal of finding a suitable formula for installment repayment over an agreed-upon time period,” Kiir said.
South Sudan, which seceded from Sudan on 9 July 2011, joined the African Union on 27 July 2011, becoming the 54th member.
South Sudan is not alone in the EAC’s “bad books,” Burundi is in a worse shape relative to its debts. The country’s failure to pay is partly premised on its unsuccessful bid to have the dues lowered according to some reports. Gitega insists that its economy is smaller than its neighbors
The EAC summit was attended by President Paul Kagame of Rwanda, Yoweri Kaguta Museveni of Uganda, Uhuru Kenyatta of Kenya, Samia Suluhu of Tanzania, and Evariste Ndayishimiye of Burundi.