Disir
Platinum Member
- Sep 30, 2011
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The IMF Survey magazine, yesterday reported that the Executive Board of the IMF has approved a “loan and grant package for Sierra Leone that includes $102 million in extra financing, to help the West African country counter a slump in economic activity engendered by the Ebola outbreak”.
But what is not clear, is whether this newly announced ‘$102 million in extra IMF financing and debt relief package’ is the same financing facility that was announced early this month, that is now being recycled.
For a government that is still failing to account for $14 million missing Ebola funds, meant for the sick, concerns are quite rightly being raised as to the rationale and wisdom in continuing to entrust such large sums of money to the Koroma government, rather than find new ways of funding the country’s Ebola, social and wider health requirements.
On the 3rd March, 2015 also, the IMF Board approved $29.18 million in immediate debt relief, under the catastrophe containment window of the Catastrophe Containment and Relief (CCR) Trust. The IMF said then, that these funds will support the government’s fight against the Ebola outbreak by covering urgent budgetary and balance of payments needs, and strengthening international reserves which have been severely eroded by the declining exports revenue.
Making that announcement three weeks ago, the IMF said that it is confident that this new financing arrangements for Sierra Leone, would help catalyze further financial assistance from the international community preferably through grants.
Sierra Leone News Sierra Leone gets 102 million in extra IMF financing and debt relief Awoko Newspaper
They are just going to keep giving this guy cash and then screw the people.
But what is not clear, is whether this newly announced ‘$102 million in extra IMF financing and debt relief package’ is the same financing facility that was announced early this month, that is now being recycled.
For a government that is still failing to account for $14 million missing Ebola funds, meant for the sick, concerns are quite rightly being raised as to the rationale and wisdom in continuing to entrust such large sums of money to the Koroma government, rather than find new ways of funding the country’s Ebola, social and wider health requirements.
On the 3rd March, 2015 also, the IMF Board approved $29.18 million in immediate debt relief, under the catastrophe containment window of the Catastrophe Containment and Relief (CCR) Trust. The IMF said then, that these funds will support the government’s fight against the Ebola outbreak by covering urgent budgetary and balance of payments needs, and strengthening international reserves which have been severely eroded by the declining exports revenue.
Making that announcement three weeks ago, the IMF said that it is confident that this new financing arrangements for Sierra Leone, would help catalyze further financial assistance from the international community preferably through grants.
Sierra Leone News Sierra Leone gets 102 million in extra IMF financing and debt relief Awoko Newspaper
They are just going to keep giving this guy cash and then screw the people.
