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J J Saffa Exposes SLPP Lies, Incompetence to Fix Salone Economy

FORUM NEWS SIERRA LEONE by FORUM NEWS SIERRA LEONE
24 June 2023
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J J Saffa Exposes SLPP Lies, Incompetence to Fix Salone Economy
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The Finance Minister Jacob Jusu Saffa Thursday 10th June, 2020 exposed the lies and incompetence of the ruling Sierra Leone People’s Party SLPP, President Julius Maada Bio led administration to address “bread” and “butter” issues associated with the national economy.

Mr Saffa is said to have promised the country during the last presidential and general elections campaigns that the SLPP under President Bio and him as Finance Minister would solve the “bread” and “butter” problems of Sierra Leone.

It is exactly two years two months now since the government set in to work yet national economic hardship situation keep reversing on a back pedals from bad to worse with poor standards of living of the people.

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Responding to questions from presenters on Radio Democracy Good Morning Salone breakfast show programme, Mr Saffa admitted that his administration is not yet there in solving the “bread” and “butter” problems of Sierra Leone.

He said even if four-five other finance ministers come after him they still will not be able to fix the problems to make the present economic situation so easily, pointing out good number of the issues will always remain unaddressed.

The minister is on record for not offering the professional advice to President Bio and the government on sound economic policies within his responsibilities for increased economic hardship faced by the people with abject poverty.

Dogging from certain questions from the presenters Mr Saffa who has been recently brought under the spotlights by the accountability Civil Society Organization, Budget Advocacy Network, for not being transparent the management of fiscal management information at the Finance Ministry, refused give figures for debts Sierra Leone owes donors.

The minister stopped short from further commenting on other related issues, even as the Government President Bio continues to lend money from donor partners, which he referred to as “grants.”

He however refused to state reasons as to why third quarter subventions have not been allocated to Ministries Departments and Agencies.

Apart from that he embattled with controversy issue of doctors salaries, which was last week debunked and countered by members of the Sierra Leone Medical and Dental Association, for deceiving health care workers especially during the deadly COVID19 pandemic.

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FREETOWN, June 5, 2020 — The World Bank Group’s Board of Executive Directors discussed a new Country Partnership Framework for Sierra Leone for 2021-2026, which prioritizes investments in human capital, job creation, economic diversification and building a resilient health system. Prior to the COVID-19 crisis, Sierra Leone’s economy grew by 5.1 percent in 2019 driven mainly by robust activities in agriculture and services. With the spread of the virus in Sierra Leone and the effects of the global pandemic, the economy is estimated to contract by between 2.3 and 3.1 percent in 2020 and growth could be 1.4 to 2.0 percentage points lower than forecast for the medium term. Within its fragile context, the country was already facing a human capital crisis with the lowest life expectancy (51 years) and high maternal and child mortality. For example, more than a tenth of newborns die before reaching age of five and the country has the highest maternal mortality globally. A key challenge for the Government is to diversify the economy to raise real income per capita growth above the population growth of 2.1 percent in order to ensure that the gains in reducing poverty and inequality are sustained. “The new strategy is about people and jobs, and how to support Sierra Leone in advancing economic recovery and poverty reduction, which is critical in the face of the human and economic impact of the global COVID-19 pandemic,” said Gayle Martin, World Bank Country Manager for Sierra Leone. Guided by the priorities of the government’s Medium-Term National Development Plan, the World Bank Group’s three areas of support are to: Building human capital and social inclusion: this involves improving the quality of education, enhancing access to quality reproductive, maternal and child health services and early warning disease surveillance systems; and scaling up social safety-nets. Boosting competitiveness and economic diversification: the Bank will support the expansion of access to an affordable energy and sustainable energy mix through developing a least-cost sector expansion plan with a focus on renewables. It will also promote the use of digital technologies and greater competitiveness of Small and Medium Enterprises in the agribusiness, fisheries and tourism sectors. Strengthening accountability and macro-fiscal stability: this means strengthening revenue mobilization and the efficiency of public spending, improving the delivery of essential services, promoting inclusive financial innovations, and enhancing the regulatory environment in the mining and fisheries sectors. “IFC focuses on promoting reforms that boost competitiveness, spur more inclusive growth and create better quality jobs,” said Babacar Faye, IFC Resident Representative for Sierra Leone. “Supporting the development of a resilient and competitive private sector-led economy through our integrated advisory and investment engagement, will also help the country in its effort to diversify the economy.” The IFC’s strategic priorities in Sierra Leone will notably cover three critical focus areas: Agribusiness, Energy, and Mining. Furthermore, IFC’s Creating Market Strategy will continue to support innovative business developments for transformational projects, notably in infrastructure. MIGA recognizes the need for guarantees in order to attract meaningful foreign investment and sees opportunities to support private investment in power, telecommunication and commercial agriculture sector, in particular supporting independent power projects. Currently, the country has 12 national and four regional operations receiving IDA funding, amounting to US$584 million, with a focus on human capital, agriculture and agri-processing, energy and strengthening the regulatory and institutional capacity of the extractive sector. Contacts: In Sierra Leone: Moses A. Kargbo, +232 76 345930, mkargbo@worldbank.org For more information about the World Bank’s work in Sierra Leone visit: http://www.worldbank.org/en/country/sierraleone For more information on the World Bank’s work in Africa, please visit: www.worldbank.org/afr For more information about IDA, please visit: www.worldbank.org/ida Facebook: http://www.facebook.com/worldbankafrica Twitter: https://twitter.com/WorldBankAfrica YouTube: http://www.worldbank.org/africa/youtube Soundcloud: https://soundcloud.com/worldbank/sets/world-bank-africa News Release 2020/135/AFR

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FREETOWN, June 5, 2020 — The World Bank Group’s Board of Executive Directors discussed a new Country Partnership Framework for Sierra Leone for 2021-2026, which prioritizes investments in human capital, job creation, economic diversification and building a resilient health system.  Prior to the COVID-19 crisis, Sierra Leone’s economy grew by 5.1 percent in 2019 driven mainly by robust activities in agriculture and services. With the spread of the virus in Sierra Leone and the effects of the global pandemic, the economy is estimated to contract by between 2.3 and 3.1 percent in 2020 and growth could be 1.4 to 2.0 percentage points lower than forecast for the medium term. Within its fragile context, the country was already facing a human capital crisis with the lowest life expectancy (51 years) and high maternal and child mortality. For example, more than a tenth of newborns die before reaching age of five and the country has the highest maternal mortality globally. A key challenge for the Government is to diversify the economy to raise real income per capita growth above the population growth of 2.1 percent in order to ensure that the gains in reducing poverty and inequality are sustained.  “The new strategy is about people and jobs, and how to support Sierra Leone in advancing economic recovery and poverty reduction, which is critical in the face of the human and economic impact of the global COVID-19 pandemic,” said Gayle Martin, World Bank Country Manager for Sierra Leone.  Guided by the priorities of the government’s Medium-Term National Development Plan, the World Bank Group’s three areas of support are to:  Building human capital and social inclusion: this involves improving the quality of education, enhancing access to quality reproductive, maternal and child health services and early warning disease surveillance systems; and scaling up social safety-nets.  Boosting competitiveness and economic diversification: the Bank will support the expansion of access to an affordable energy and sustainable energy mix through developing a least-cost sector expansion plan with a focus on renewables. It will also promote the use of digital technologies and greater competitiveness of Small and Medium Enterprises in the agribusiness, fisheries and tourism sectors.  Strengthening accountability and macro-fiscal stability: this means strengthening revenue mobilization and the efficiency of public spending, improving the delivery of essential services, promoting inclusive financial innovations, and enhancing the regulatory environment in the mining and fisheries sectors.  “IFC focuses on promoting reforms that boost competitiveness, spur more inclusive growth and create better quality jobs,” said Babacar Faye, IFC Resident Representative for Sierra Leone. “Supporting the development of a resilient and competitive private sector-led economy through our integrated advisory and investment engagement, will also help the country in its effort to diversify the economy.”  The IFC’s strategic priorities in Sierra Leone will notably cover three critical focus areas: Agribusiness, Energy, and Mining. Furthermore, IFC’s Creating Market Strategy will continue to support innovative business developments for transformational projects, notably in infrastructure.  MIGA recognizes the need for guarantees in order to attract meaningful foreign investment and sees opportunities to support private investment in power, telecommunication and commercial agriculture sector, in particular supporting independent power projects.  Currently, the country has 12 national and four regional operations receiving IDA funding, amounting to US$584 million, with a focus on human capital, agriculture and agri-processing, energy and strengthening the regulatory and institutional capacity of the extractive sector.  Contacts:  In Sierra Leone: Moses A. Kargbo, +232 76 345930, mkargbo@worldbank.org  For more information about the World Bank’s work in Sierra Leone visit: http://www.worldbank.org/en/country/sierraleone  For more information on the World Bank’s work in Africa, please visit: www.worldbank.org/afr  For more information about IDA, please visit: www.worldbank.org/ida  Facebook: http://www.facebook.com/worldbankafrica  Twitter: https://twitter.com/WorldBankAfrica  YouTube: http://www.worldbank.org/africa/youtube  Soundcloud: https://soundcloud.com/worldbank/sets/world-bank-africa  News Release  2020/135/AFR

FREETOWN, June 5, 2020 — The World Bank Group’s Board of Executive Directors discussed a new Country Partnership Framework for Sierra Leone for 2021-2026, which prioritizes investments in human capital, job creation, economic diversification and building a resilient health system. Prior to the COVID-19 crisis, Sierra Leone’s economy grew by 5.1 percent in 2019 driven mainly by robust activities in agriculture and services. With the spread of the virus in Sierra Leone and the effects of the global pandemic, the economy is estimated to contract by between 2.3 and 3.1 percent in 2020 and growth could be 1.4 to 2.0 percentage points lower than forecast for the medium term. Within its fragile context, the country was already facing a human capital crisis with the lowest life expectancy (51 years) and high maternal and child mortality. For example, more than a tenth of newborns die before reaching age of five and the country has the highest maternal mortality globally. A key challenge for the Government is to diversify the economy to raise real income per capita growth above the population growth of 2.1 percent in order to ensure that the gains in reducing poverty and inequality are sustained. “The new strategy is about people and jobs, and how to support Sierra Leone in advancing economic recovery and poverty reduction, which is critical in the face of the human and economic impact of the global COVID-19 pandemic,” said Gayle Martin, World Bank Country Manager for Sierra Leone. Guided by the priorities of the government’s Medium-Term National Development Plan, the World Bank Group’s three areas of support are to: Building human capital and social inclusion: this involves improving the quality of education, enhancing access to quality reproductive, maternal and child health services and early warning disease surveillance systems; and scaling up social safety-nets. Boosting competitiveness and economic diversification: the Bank will support the expansion of access to an affordable energy and sustainable energy mix through developing a least-cost sector expansion plan with a focus on renewables. It will also promote the use of digital technologies and greater competitiveness of Small and Medium Enterprises in the agribusiness, fisheries and tourism sectors. Strengthening accountability and macro-fiscal stability: this means strengthening revenue mobilization and the efficiency of public spending, improving the delivery of essential services, promoting inclusive financial innovations, and enhancing the regulatory environment in the mining and fisheries sectors. “IFC focuses on promoting reforms that boost competitiveness, spur more inclusive growth and create better quality jobs,” said Babacar Faye, IFC Resident Representative for Sierra Leone. “Supporting the development of a resilient and competitive private sector-led economy through our integrated advisory and investment engagement, will also help the country in its effort to diversify the economy.” The IFC’s strategic priorities in Sierra Leone will notably cover three critical focus areas: Agribusiness, Energy, and Mining. Furthermore, IFC’s Creating Market Strategy will continue to support innovative business developments for transformational projects, notably in infrastructure. MIGA recognizes the need for guarantees in order to attract meaningful foreign investment and sees opportunities to support private investment in power, telecommunication and commercial agriculture sector, in particular supporting independent power projects. Currently, the country has 12 national and four regional operations receiving IDA funding, amounting to US$584 million, with a focus on human capital, agriculture and agri-processing, energy and strengthening the regulatory and institutional capacity of the extractive sector. Contacts: In Sierra Leone: Moses A. Kargbo, +232 76 345930, mkargbo@worldbank.org For more information about the World Bank’s work in Sierra Leone visit: http://www.worldbank.org/en/country/sierraleone For more information on the World Bank’s work in Africa, please visit: www.worldbank.org/afr For more information about IDA, please visit: www.worldbank.org/ida Facebook: http://www.facebook.com/worldbankafrica Twitter: https://twitter.com/WorldBankAfrica YouTube: http://www.worldbank.org/africa/youtube Soundcloud: https://soundcloud.com/worldbank/sets/world-bank-africa News Release 2020/135/AFR

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