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Big Fish incident, a lesson for Sierra Leoneans

Big Fish incident, a lesson for Sierra Leoneans By: Kembay Those always clamouring for War after seen yesterday random shooting on Charlotte and Lightfoot Boston Streets in Freetown by a desperado should now know such is just a tip of an ice bag in a warfare.  Big Fish after forcefully snatching, the riffle from the female police officer didn't go on looking out for APC or SLPP but was determine to shoot at anyone who dare stand his way irrespective of your political loyalty, Religious trait, tribal or Regional connection.  The few minutes he spent with the gun while moving up an down, saw almost all the streets in CBD deserted with everyone indoor except the security forces who were positioning themselves at intersections point to end the menace.  What caused the desertion and the indoor staying was that everyone knew that either by mistake or intention coming in contact with Big Fish at that moment, would have been your end. That is

IMF drops $20.8 million to the New Direction Government

The International Monetary Fund Approves Sierra Leone's Economic Performance
Under the Extended Credit Facility Programme on 5th June 2023
The Ministry of Finance. in collaboration with the Bank of Sierra Leone and the National Revenue Authority, wish to inform the general public that the Executive Board of the International Monetary Fund has, on 5" June
 2023, approved the Economic Performance Programme of the Government of Sierra Leone, which will trigger immediate disbursement of about US$20.8 million.
It is worth noting that the global economy is currently facing challenges occasioned by unprecedented overlapping multiple crises severely impacting all countries' economic fabric. These crises have manifested into high inflation, depreciation of currencies, deteriorating external accounts, high-interest rates and rising debt levels and vulnerabilities. 
The crisis has also worsened food and energy insecurity. Therefore, the approval of Sierra Leone's economic programme by the International Monetary Fund amidst the overlapping multiple crises is a strong recognition and vote of confidence in the Government's commitment to restoring macroeconomic stability, long-term debt sustainability, and enhancing transparency and accountability in public funds.
During the Executive Board meeting, and in view of the global multiple crises, the government is pleased by the statement of Mr Bo Li, Deputy Managing Director and Acting Chair, as follows.
"Sierra Leone continues to face significant economic challenges, amplified by multiple shocks, including Russia's war in Ukraine. However, the Government commitment to bolster tax revenues represents important steps towards tightening the fiscal stance while creating space for priority social spending".
The IMF's approval of the economic programme will pave the way for other international financial institutions to scale up their support towards financing the Government's priority programmes, including Human Capital Development. As a result, we are pleased to inform the general public that the government is at an advanced stage in negotiating with the World Bank to disburse 65 million United States dollars in budget support in 2023.
Similarly, the approval will lay the basis for the ongoing negotiations with the European Union for the restoration of budget support of about 100 million Euros for a period of four years, effective 2023. It is also important to note that a sound economic programme with the IMF, among others, will provide comfort for the negotiation of the US Millennium Challenge Corporation (MCC) Compact and signature by the end of 2023.
Therefore, Government reiterates its commitment to implementing agreed reforms with Development Partners, including but not limited to prudent fiscal consolidation, exchange rate and monetary policy management that will lower inflation and stabilise the exchange rate and boost international reserves aimed at promoting macroeconomic and financial stability thereby laying the foundation for inclusive green and sustainable growth.
5th June 2023
For more information: Contact: +232 78 584 006


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