Text Only
Search

 
Sierra Leoneans to Monitor Government's Use of Debt Relief Funds


03 February 2007
Barber report - Download 394k audio clip
Listen to Barber report audio clip

Sierra Leone, which was recently forgiven more than $1.5 billion in debt, is now looking at how to spend the extra funds. Some in the impoverished nation say they worry the government will mishandle money set aside to repay the debt and that little benefit will reach those who need it. Kari Barber reports from our West Africa bureau in Dakar.

The announcement in January that the last of Sierra Leone's debt to major world lenders, including the World Bank, was forgiven was met with excitement as many Sierra Leoneans saw it as a step toward improved international standing.

This represents 90 percent of the debt owed, with a much smaller portion still owed to private lenders.

However, many are concerned that with pressure off from lenders and a new windfall of cash available, the government will not adopt good economic practices. The government is widely perceived as corrupt by Sierra Leoneans.

Abu Brima of the National Movement for Justice and Development, a Freetown-based civil society organization, said people are waiting to hear the government's plan. "So people are now like, 'So what, the debt has been canceled," he said. What steps are now being taken to make sure the resources are to be used for the real development of the country.'"

Brima says he would like to see the money go toward paving roads, paying teachers and making electricity and clean water available.

Activist Morlai Kamara is organizing a campaign to monitor the spending of the newly freed funds. He said he is asking international organizations and Sierra Leone's civil society to work together to keep the government accountable. "We have to make sure that we continue to keep our eyes on our government and on even international financial institutions to insure that we do not go back to reckless lending and illegitimate contraction of laws," he said.

Timothy Armitate, an economic consultant with the London-based group Global Insight, says the fact that the Sierra Leone government earned debt relief proves it has some commitment to transparency and reform. Armitate says the government is likely to continue many of the practices the lenders required because the country still needs international approval to get much needed aid. "What this does is it puts pressure on the government to comply with deficit targets and local revenue generating targets," he explained. "Also it leads to more prudent fiscal policies as they risk losing the backing of the international community if they do go on renegade spending."

Sierra Leone's debt relief is a result of programs, such as the Highly Indebted Poor Countries initiative, which allow impoverished nations to be forgiven debt so that money can be used, instead, to fight poverty. Sierra Leone's government was granted the relief based on efforts to fight corruption and increase economic growth.

emailme.gif E-mail This Article
printerfriendly.gif Print Version

  Top Story
Obama Ends Ghana Visit  Audio Clip Available

  More Stories
Obama Addresses Africans from Ghana  Audio Clip Available
Iraqi Shi'ite Lawmakers Protest British Troop Extension
Iranian Foreign Minister Says Tehran Preparing 'Package' for West  Audio Clip Available
China Rushing Supplies to Quake-Hit Zone  Audio Clip Available
Thousands Remember Europe's Worst Massacre Since World War II
Pakistan: Trial of Mumbai Attackers to Start Next Week
Reports: New Evidence Points to N. Korean in Cyber Attacks
Mugabe Calls For Unity; Slams Western Nations
Report: Bush Administration Surveillance Program Legally Questionable
New York Times: Bush Team Discouraged Probe of Mass Taliban Deaths
Honduras Talks End with No Agreement
US Braced for H1N1 Swine Flu Return  Video clip available
Gary in Indiana Hosts Michael Jackson Memorial  Audio Clip Available
Republic of Congo to Hold Presidential Election