Skip to main content

Turkish Ambassador Pays Follow-up visit to IGP on PIKM Regulation

Turkish Ambassador Pays Follow-up visit to IGP on PIKM Regulation By Kembay Police Headquarters George Street Freetown, Wednesday 28th February, 2024 Her Excellency the Turkish Ambassador to Sierra Leone, Madam Sibel Erkan has visited the Inspector General of Police (IGP) Mr. William Fayia Sellu to know the SLP stands on the Police Coordination and Cooperation Center (PIKM), ahead of the 5-6 May and 15-17 July, 2024 OIC meetings in Banju and Yaounde respectively.  In her presentations, Her Excellency Madam Erkan discloses that, her visit was to know if the SLP is interested in being part of the Police Coordination and Cooperation Center (PIKM) establishment following the 13th Summit  heads of States and Government of the Organisation of Islamic Cooperation (OIC). The PIKM she went on to explained would be established to combat terrorism, extremism, organised crime and to strengthen capacities of PIKM members states.  "For the Center to ...
Post a Comment

IMF drops $20.8 million to the New Direction Government

GOVERNMENT OF SIERRA LEONE
MINISTRY OF FINANCE
PRESS RELEASE
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.
SE FINA
-END.
5th June 2023
For more information: Contact: +232 78 584 006
asesay@molsl.gov.sl

Comments

Post a Comment

Popular posts from this blog

As Plan to Blackmail the SLP Backfires, ACP Mira put to Shame

As Plan to Blackmail the SLP Backfires, ACP Mira put to Shame With abounds evidences in possession of this writer, it is crystal clear that Madam Mira Dubuya allegations of injustice and mistreatment are nothing but a well calculated and orchestrated ploy aim at dragging the SLP reputation into mud. Mira enrolled into the SLP force in 2006 and within a shortest time rose to a rank that others who have spent 20yrs plus are still grappling to reach. (But this should be a story for another day) There are series of missions for Police officers including Formed Police Unit (FPU), Individual Police Officers (IPO) and the P&D.  There is a policy in the SLP, that officers sent on peace mission abroad must pay certain amount back home to the force peacekeeping directorate as maintenance for training and other expenditures.  ACP Mira in 2021 through the SLP, went to the UN Police mission in the United States, under the P4 category where her annual salary was over ninty t...
Post a Comment
Read more

Chief Minister David Moinina Sengeh engages global leaders on President Bio's Big-5 agenda.

Sierra Leone’s Chief Minister, David Moinina Sengeh Engages World Leaders on President Bio’s Big-5 Agenda on the Margins of The World Government Summit On the margins of the World Government Summit, Chief Minister David Moinina Sengeh met with HE Mohamed Bin Taliah, the Chief of Government Services at the Ministry of Cabinet Affairs in United Arab Emirates. The two leaders discussed service delivery across their respective governments and agreed to collaborate in ways that will improve public services through digitalization. HE Taliah also expressed interest in supporting Sierra Leone in reforming the public sector and in the digitisation of Sierra Leone’s Justice sector. Public and Justice Sector Reform is one of His Excellency President Julius Maada Bio’s Big-5 priority areas.  (C) Office of Chief Minister, February 12,2024
Post a Comment
Read more

Those Unimpressive Words From the Outgone US Ambassador, David Reimer

Those Unimpressive Words From the Outgone US Ambassador, David Reimer. By Kembay Sierra Leoneans and other non citizens residents in Sierra Leone were shocked over a statements made by the ousted United States of America Ambassador, David Reimer in a local Radio broadcast on Thursday 17th August, 2023. The ousted US Ambassador statements which all listeners viewed as adding insult to injury came at a time the country is still grappling with it political and economic stalemate just after the June 24 2023 general elections.  Ambassador Reimer statements in that broadcast exposed him of putting personal sentiments above diplomatic protocols in adherence to sovereignty.  Where in the world has Reimer seeing the opposition accepting defeat or has he forgotten that as we speak, Donald Trump is yet to accept the victory of Joe Biden in the 2020 US elections over allegations of irregularities? Ambassador Reimer if truly is a honest man should not have accepted his appointm...
2 comments
Read more