DSK banks on South Sudan

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Dominique Strauss-Kahn, or DSK as he likes to style himself, has made an unusual comeback to the economic scene. After a two-year hiatus following charges of sexual assault in a swanky New York hotel room, Strauss-Kahn has decided to take things back to basics. In South Sudan.

It comes as no surprise to Euromoney that le grand séducteur, former IMF managing director and 2012 French presidential hopeful has chosen to set his sights on the mushrooming banking sector in South Sudan, which the magazine drew attention to in its May issue. Clearly Strauss-Kahn shares our excitement at the vast earnings potential that numerous, shiny new banks in South Sudan have, despite the country’s overall underdevelopment.

Strauss-Kahn, who still faces a possible trial back in France following his alleged involvement in a prostitution ring, was in Juba in May lauding the industrious South Sudanese people at the opening of the latest addition to the capital’s banking scene: the privately owned and Swiss-backed National Credit Bank.

"I believe that a country like South Sudan deserves some special attention," Strauss-Kahn told local media at Juba International Airport on May 13.

Let’s just hope DSK doesn’t get too carried away with his TLC.