 The Macroeconomic Environment for Jobs in South Sudan: Jobs, Recovery, and Peacebuilding in Urban South Sudan – Technical Report IINo 32506579, Jobs Group Papers, Notes, and Guides from The World Bank Abstract: 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. Keywords: oil revenue; oil sector; oil production; market trader; macroeconomic environment; oil price; investment need; inflation; short period of time; infrastructure and service delivery; public investment in infrastructure; barrels per day; Public Employment; oil revenue management; official exchange rate; dual exchange rate; demand for good; exchange rate policy; Exchange rate policies; loss of job; Governance and Accountability; production and export; budget execution report; Fiscal policies; fiscal policy; household disposable income; net oil revenue; burden of disease; lack of demand; accumulation of arrears; cessation of hostility; price of rice; market demand; decline in revenue; barrel of oil; labor market outcome; access to fund; loss of confidence; overvalued exchange rate; tax on imports; natural resource extraction; rate of hire; oil revenue stabilization; foreign exchange market; loss of consumer; increase in prices; multiple exchange rate; high oil price; fuel price; private sector engagement; loss of revenue; oil production decline; exchange rate reform; privileges and immunity; employment in agriculture; extra budgetary spending; access to financing; private sector association; public wage bill; human capital development; agriculture and service; decline in productivity; urban labor force; private sector activity; signs of recovery; Rule of Law; cycle of violence; approved budget; supply of good; number of workers; put pressure; formal sector employment; civil service salary; infrastructure and capital; places of business; financial sector development; macroeconomic and fiscal; parallel market rate; Budget Management; real gdp (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wbk:jbsgrp:32506579 Access Statistics for this paper More papers in Jobs Group Papers, Notes, and Guides from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC. |
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