Struggles of Africa’s Poorest Nation: $1 Billion U.S. Court Fight Over War Loan Default
Understanding the Complex Landscape of South Sudan's Debt Crisis
In a significant legal development, a petition has been filed in a U.S. court in Washington, D.C., stemming from South Sudan's failure to repay a staggering $700 million loan obtained from Qatar during one of its most tumultuous periods, the civil war. With accrued interest and penalties, this debt has now surged beyond the billion-dollar mark, raising pressing questions about fiscal responsibility and the implications of sovereign debt crises.…