Nairobi (AFP) - War in South Sudan will cost up to $28 billion to the country if it continues for five more years, with regional nations risking even more, economists warned Wednesday.
"If the conflict continues for another one to five years, it will cost South Sudan between $22.3 billion and $28 billion depending on its severity," the joint report read, claiming that should the war be stopped, it would save the international community $30 billion in peacekeeping and aid.
The report was produced by Europe-based Frontier Economics, Uganda's Center for Conflict Resolution, and South Sudan's Centre for Peace and Development Studies at Juba University.
At the regional level, Ethiopia, Kenya, Sudan, Tanzania and Uganda could save $53 billion in the coming years should the war end in 2015, the report added.
Salim Ahmed Salim, a former Tanzanian prime minister, introduced the report by saying he hoped it would "focus the minds of political leaders on the stakes" of failing to end a war in which tens of thousands have already been slaughtered.
Fighting broke out in December 2013 when President Salva Kiir accused his sacked deputy Riek Machar of attempting a coup.
Since then oil production -- once around 300,000 barrels a day at independence -- has been slashed by at least a third to 160,000. Trade with landlocked South Sudan has been cut and almost half a million refugees are in neighbouring nations.
East Africa's IGAD-bloc, which has mediated a string of failed ceasefire deals, should follow through on its repeated threats of sanctions should war continue, the report added.
South Sudan has been riven by war for decades -- including conflict from 1956-1972 and again from 1983-2005, before breaking away from northern Sudan in 2011.
War broke out again in December 2013, and the report provided grim estimates of what the economists believe could be the cost should conflict continue.
"The price of failing to bring about lasting peace in South Sudan could be $158 billion over the next two decades," it added.
- Politics & Government
- Unrest, Conflicts & War
- South Sudan
Source http://news.yahoo.com/south-sudan-war-costing-billions-economists-warn-145652127.html
Newer articles:
- South Sudan Editor Says His Paper Ordered to Close - 16/01/2015 21:32
- Chinese peacekeepers start deployment in South Sudan - 16/01/2015 15:07
- As South Sudan hopes for peace to hold, the displaced cope with trauma - 16/01/2015 13:01
- China Peacekeepers in South Sudan to Focus on Protecting Civilians, UN Says - 15/01/2015 17:17
- Cows and conflict: South Sudan's slow motion livestock crisis - 15/01/2015 13:55
Older news items
- S. Sudanese conflict to cost $I58bn in 20 years: report - 14/01/2015 08:21
- China's motive in South Sudan? - 13/01/2015 19:27
- China urges substantive talks in South Sudan - 13/01/2015 10:22
- S.Sudan civil society groups urge peace before polls - 13/01/2015 09:40
- Sudan army says retakes areas from rebels in Darfur, South Kordofan - 13/01/2015 06:03
Latest news items (all categories):
- South Sudan sets 22 December for country's long-delayed first-ever election - 23/06/2026 15:44
- Ambassador Enarsson Backs Campaign to End Sexual Violence in Conflict at Juba Advocacy Event - 23/06/2026 15:41
- Rampant Junior Starlets crush South Sudan to clinch CECAFA bronze - 23/06/2026 15:26
- Validating Progress Towards Closing Immunity Gaps in South Sudan - 23/06/2026 15:23
- تحديد موعد أول انتخابات في تاريخ جنوب السودان - 23/06/2026 15:14
Random articles (all categories):
- South Sudan start preps by camping in Morocco - 09/02/2021 23:51
- South Sudan: Ateny Wek Ateny - 'It Is the People of South Sudan Who Decide' - 23/10/2014 14:23
- ‘7.7m face food crisis in South Sudan’ - 11/04/2022 01:04
- S Sudan rebels deny slaughter claim - 22/04/2014 11:53
- Global South: The power against the West - 08/06/2024 20:59
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 146569 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 27534 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 24695 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 24029 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 21907 times