South Sudan Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! === Debt === In terms of South Sudan's external debt, Sudan and South Sudan maintain a shared debt of approximately US$38 billion, all of which has accumulated throughout the past five decades.<ref>{{cite web|last=Badawi|first=Ahmad|date=3 October 2011|url=http://africanarguments.org/2011/10/03/a-greek-tragedy-is-sudan%E2%80%99s-woe-sudan-should-be-relieved-of-foreign-debt-by-ahmed-badawi/|title=A Greek Tragedy is Sudan's Woe: Sudan Must be Relieved of Foreign Debt Quickly|publisher=African Arguments|access-date=28 May 2012|archive-url=https://web.archive.org/web/20120329101159/http://africanarguments.org/2011/10/03/a-greek-tragedy-is-sudan%e2%80%99s-woe-sudan-should-be-relieved-of-foreign-debt-by-ahmed-badawi/|archive-date=29 March 2012|url-status=live}}</ref> Though a small portion of this debt is owed to such international institutions as the World Bank and the International Monetary Fund (approximately US$5.3 billion according to a 2009 report provided by the Bank of Sudan), the bulk of its debt load is actually owed to numerous foreign actors that have provided the nation with financial loans, including the [[Paris Club]] (over US$11 billion) and also non-Paris Club bilateral creditors (over US$13 billion).<ref>{{cite web|last=Leo|first=Benjamin|year=2009|url=http://www.cgdev.org/content/publications/detail/1424644|title=Sudan Debt Dynamics: Status Quo, Southern Secession, Debt Division, and Oil – a Financial Framework for the Future|publisher=Center for Global Development|access-date=28 May 2012|archive-url=https://web.archive.org/web/20120512004905/http://www.cgdev.org/content/publications/detail/1424644|archive-date=12 May 2012|url-status=live}}</ref> The Paris Club refers to an informal group of financial officials from 19 of the world's most influential economies, including such member nations as the United States, the United Kingdom, Germany, France and Canada, while non-Paris Club bilateral creditors refers to any entity that does not enjoy permanent/associated status as a Paris Club member.<ref>{{cite web|year=2012|url=http://www.clubdeparis.org/sections/composition/membres-permanents-et/membres-permanents|archive-url=https://web.archive.org/web/20090628015530/http://www.clubdeparis.org/sections/composition/membres-permanents-et/membres-permanents|url-status=dead|archive-date=28 June 2009|title=Permanent Members|publisher=Paris Club}}</ref> Private bilateral creditors (i.e. private commercial banks and private credit suppliers) account for the majority of the remainder (approximately US$6 billion of the total debt).<ref>{{cite web|last=Ahmed|first=Medani|year=2008|url=http://www.cmi.no/publications/file/3080-external-debts-growth-and-peace-in-the-sudan.pdf|title=External Debts, Growth and Peace in the Sudan|publisher=CHR. Michelsen Institute|access-date=28 May 2012|archive-url=https://web.archive.org/web/20120607171151/http://www.cmi.no/publications/file/3080-external-debts-growth-and-peace-in-the-sudan.pdf|archive-date=7 June 2012|url-status=live}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page