The Macroeconomic Environment for Jobs in South Sudan : Jobs, Recovery, and Peacebuilding in Urban South Sudan - Technical Report II
This study assesses the macro-fiscal framework for jobs in South Sudan, working with the limited macro-fiscal data available on the fiscal years 2019 and 2020. The macroeconomic environment can hardly be more difficult for South Sudanese looking to...
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| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/565471603349323755/The-Macroeconomic-Environment-for-Jobs-in-South-Sudan-Jobs-Recovery-and-Peacebuilding-in-Urban-South-Sudan-Second-Technical-Report http://hdl.handle.net/10986/34664 |
| Summary: | This study assesses the macro-fiscal
framework for jobs in South Sudan, working with the limited
macro-fiscal data available on the fiscal years 2019 and
2020. The macroeconomic environment can hardly be more
difficult for South Sudanese looking to make a living. For
workers, the dramatic contraction of non-oil output since
the beginning of the conflict reflected a loss of job
activities and a breakdown in market demand. A 60-fold
increase in prices since before the conflict poses a serious
obstacle to job activities, while an overvalued exchange
rate weakens incentives. The oil sector is a big part of the
economy, and the budget is dependent on oil revenue - but
with weak governance, too little spending goes toward
investment in development. The public sector in employment
is large and a source of patronage, but it has an important
function as a source of demand for goods and services. The
study is one of a set of four reports assessing different
aspects of jobs in urban South Sudan in order to formulate
policy for recovery. |
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