Freed From Its Northern Neighbor, South Sudan Still Feels Weight of Regional Sanctions

By Brian Monroe

Eager to lure new foreign investments, the world's newest nation still faces an uphill battle against the economic sanctions it technically freed itself from in July, say analysts. Officials from the Republic of South Sudan are in talks with the World Bank, International Monetary Fund and the U.S. Treasury Department about how the newly minted country can develop financial regulations and attract foreign investment, according to officials of the new government. South Sudanese leaders are hopeful "definite economic opportunities" will draw multinational banks to the nation despite its limited legal infrastructure and security issues, said Zachariah Mampilly, an assistant professor...