Bahraini businessmen willing to clear South Sudan debts, says report

TDT | Manama           

The Daily Tribune – www.newsofbahrain.com

Business Associates from Bahrain have expressed interest in clearing the external debts of South Sudan by investing in the country, reports eyeradio.org. The announcement came during a visit of Bahraini business delegates to President Salva Kiir Mayardit.

Fawzi Al Aradi, the Managing Director for Capital Impact and Dariusz Cichocki, Chief Executive Officer for Getka, lead the delegation. President Salva Kiir, the report said, discussed plans to strengthen the business relations between South Sudan and Bahrain.

“The delegation expressed interest to reduce Country’s outstanding debt by consolidating and paying down loans with energy resources, while strengthening energy stability with additional focus on planning initiatives to improve public health and other areas of mutual importance to South Sudan,” the report said.

Meanwhile, the state-owned television SSBC, quoting the Minister of Finance and Planning, Agak Chuil Lual, said, “The visiting team expressed interest to reduce the country’s outstanding debt by consolidating and paying down loans with energy resources.”

“They going to help us in issues concerning economics because they going to invest some of their capital, the money into our economy in South Sudan in different fields, so this understanding is a very good and will lead to an agreement between us and kingdom of Bahrain.” A Memorandum of Understanding on cooperation wouldcome after deliberations.