Michael Gibb Profile picture
I write about natural resource wealth that ends up in the wrong places. Former Coordinator UN PoE on South Sudan and Global Witness. Philosophy PhD
Oct 7, 2021 12 tweets 5 min read
The discussion of #SouthSudan oil often focuses on domestic mismanagement. But yesterday’s @CrisisGroup report also shows that it’s an international undertaking. This means there are lots of companies that can help nudge it towards more transparency and accountability … Around 85% of gov revenues come from oil. Most of the $1.5b+ external debt is secured against or repaid in oil. Accountability for all public funds is important, but oil still rules in SouthSudan. But to turn this oil into cash, the gov needs international companies and markets