Business And Economy

Aides and Aid to Sierra Leone

By Tanu Jalloh

It was the Minister of Finance and Economic Development, Dr Samura Kamara, who, in 2012, told the Organisation for Economic Cooperation and Development (OECD) that aid was as critical and imperative to Sierra Leone’s current growth aspirations as the autonomy to decide on its efficiency was necessary. That was the kind of resolve it took to initiate his government’s effort at achieving aid effectiveness in the last four years.

The economics in women’s development

By Tanu Jalloh

Across the world the UN population fund, UNFPA, and a host of other groups, some of them inspired by the plethora of conventions, conferences and declarations on women in particular and gender matters generally, are up and running. The situation in Sierra Leone is no different. However, this piece has been cut out to represent a general condition of women in the rural economy with particular respect to the rural woman in Sierra Leone, still in need.

Towards Sierra Leone’s Aid Effectiveness

By Tanu Jalloh

In a forward to a 2010 OECD report titled: ‘Monitoring the Principles for Good International Engagement in Fragile States and Situations: Country Report 5: Sierra Leone,’ finance and economic development minister Dr Samura Kamara underscored the relevant space of aid in the country’s current growth aspiration.

Our grade in the diamond trade

By Tanu Jalloh

Diane Frost was trying to make a case for countries, most of them in Africa, whose diamonds have been exploited by the very countries in the west that pity them after the last decade of wars on the continent. Frost is lecturer in the School of Sociology and Social Policy, University of Liverpool, UK.

In his work published recently titled: ‘From the Pit to the Market: Politics and the Diamond Economy in Sierra Leone’ the sociologist established that Bottom of Form

Some IMF, World Bank policies do not work

By Tanu Jalloh

In 2006, we heard members of the World Bank and International Monetary Fund, IMF entertain the possibility that maybe their structural adjustment policies did have some negative effects generally and on Africa in particular.

The Bretton Woods project revealed that in 2000, an “internal World Bank report has concluded that the poor are better off without structural adjustment.” The report itself is titled “The Effect of IMF and World Bank Programs on Poverty.”

ECF’s role in IMF’s role

By Tanu Jalloh

A release, probably the latest, on the International Monetary Fund, IMF’s visit to Sierra Leone between March 28 and April 11 this year on the discussion of the fourth review of its programme supported under the Extended Credit Facility, ECF and approved by its executive board in June of 2010, detailed progress and highlighted areas for improvement. Before we even start, let’s establish here that no government can boast of immunity to the way credit facility is being programmed in the world economy.

Bank Governor’s Spasms & Chasms

By Tanu Jalloh

Each year the Governor of the Bank of Sierra Leone has an arduous end-of-year traditional ceremony, which in recent times happens at the Bank of Sierra Leone Staff Recreational Complex – a serene auditorium at Kingtom in the west of Freetown. Each year he must put together and deliver a statement on this occasion, reflecting the country’s economic health, raising hopes and bandying about with policies for public fiscal decorum. This year’s was a close shot at spasmodic chasms!

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