A nomadic group in the disputed border region of Abyei threatened war if it’s excluded from a referendum over the area’s status, after the presidents of Sudan and South Sudan failed to end an impasse over the issue.
The United Nations Security Council warned Sudan and South Sudan to halt fighting and settle their differences on splitting revenue from South Sudan’s oil reserves within three months or face possible sanctions.
The International Monetary Fund urged Sudan to divert more than $3 billion in compensation it’s set to receive from South Sudan to back reforms that will provide the government with more reliable revenue streams.
South Sudan will raise funds from local banks, boost tax collection and consider borrowing outside the country to offset the impact of a looming shutdown of its oil exports, Finance Minister-designate Aggrey Tisa Sabuni said.
Sudan postponed a planned shutdown of South Sudanese oil exports to allow an African Union probe of claims that the south is backing rebels in its territory, Information Minister Ahmed Bilal Osman said.