Thursday, January 5, 2012

South Sudan: Rethinking the energy curse

Following nearly a half-century of war and a jubilant independence on July 9, 2011, leaders of the world's newest nation, South Sudan, came to Washington D.C. to express cautious optimism for what is likely to be a long road to recovery for a deeply impoverished war-torn country whose substantial petroleum reserves are being viewed as a catalyst for development.

Under the terms of the 2005 Comprehensive Peace Agreement between the government of Sudan and the Sudan Peoples’ Liberation Movement, a referendum on the question of independence was conducted after 56 years of grinding war between the North and South that left some 2 million southerners dead and millions displaced. The January 2011 referendum was approved by more than 99 percent of voters, now waiting for the benefits of peace.

The U.S.–hosted meetings, billed as an ‘International Engagement Conference for South Sudan,’ emphasized private sector development, good governance and accountability. Read More