Arrr, it be said that South Sudan be on the brink of snatchin' a $13 billion loan from a swashbucklin' UAE company.
2024-05-17
Arrr! Me hearties, word be spreadin' that South Sudan be on the brink o' snatchin' a hefty loot o' $13 billion from the fine United Arab Emirates crew o' Hamad Bin Khalifa Department o' Projects, as told by the wise United Nations scholars. Aye, 'tis a treasure worth celebratin'!
In the language of a 17th-century pirate, the scallywags at the U.N. be spoutin' about South Sudan on the brink of nabbin' a hefty $13 billion loan from a crew in the United Arab Emirates. Despite the country's struggles in handlin' debts tied to its oil, this loan, backed by the black gold itself, be the largest South Sudan's ever seen.Arr, the experts be warnin' that payin' off this loan would likely keep most of South Sudan's loot tied up for years, dependin' on the price of oil. The company offerin' the loan, Hamad Bin Khalifa Department of Projects, be as elusive as a ghost ship, with no phone number or workin' website.South Sudan, born from blood and fire in a split from Sudan, relies on oil for its booty. After its own civil war in 2013-2018, the country's now under pressure to follow through on a peace deal and get ready for elections.The loan documents suggest most of the dough would go to infrastructure, with payments startin' at over $5 billion. But the experts be raisin' doubloons about South Sudan's debts, includin' a $1 billion bill from a lost case with Qatar National Bank.Ye see, mates, South Sudan's got a lot on its plate with elections on the horizon, a shaky oil market, and a desperate need for humanitarian aid amidst a crisis. So keep an eye on this tale of loans, oil, and international intrigue on the high seas!