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Sierra Leone Telegraph: 16 March 2021: The IMF Executive Board yesterday announced that is has approved a US$50.37 million disbursement under the Rapid Credit Facility “to help meet the authorities’ urgent financing needs and support their continued response to the pandemic”, and address “the urgent balance of payments and fiscal needs stemming from the deep and persistent impact of the pandemic”. According to the IMF statement; “The Government’s quick and decisive actions to contain COVID-19 prevented a larger outbreak and saved lives, yet they also came at an economic cost. Co...

IMF Executive Board Approves US$50 million Disbursement to Sierra Leone to Address the Continuing Impact of the COVID 19 Pandemic Format The Sierra Leonean authorities’ quick and decisive actions mitigated the impact of the COVID-19 pandemic, helping prevent a larger loss of life and even deeper economic costs. However, the pandemic will have long-lasting economic and social effects, and shrinking incomes, rising poverty, inequality, and food insecurity remain concerns. To help meet the authorities’ urgent financing needs and support their continued response to the pandemic, the IMF has a...

Sierra Leone Telegraph: 02 March 2021: As millions of people in Sierra Leone struggle to make ends meet, amid continuing economic decline, mass unemployment and rising inflation – caused by falling value of the Leone, poor export performance, and low private sector investments, Minister of Finance – Jacob Jusu Saffa, said in an article shared on social media yesterday that: “Reducing poverty or providing bread and butter remains the overarching objective of our economic management.” Whilst his 5-page article – some say thesis, has once again stirred debate about the government’s a...

 2 January 2021 at 18:36 |  1695 views New Year’s broadcast to the nation by His Excellency Dr. Julius Maada Bio, President of the Republic of Sierra Leone, Freetown, 1st January, 2021 Fellow Citizens: 1. 2020 has been an exceptional year – a year in which the raging worldwide COVID-19 pandemic has killed over 1.7 million people including our fellow Sierra Leoneans at home and abroad; a year in which worldwide healthcare systems and economies have struggled; and, a year in which worldwide anxiety and fear have shaken hopes for the future. 2. We took a licking like all countries...