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
Germany Marks  20th Anniversary of Collapse of Berlin Wall  Audio Clip Available  Video clip available

  More Stories
Suicide Bomber Kills 3 in Northwestern Pakistan
APEC Economies Report Improved Trade Finance, Discuss Free Trade  Audio Clip Available
Israel's Netanyahu, Obama to Meet Monday
Scientists Report Abnormal Sea Level Rises Off Western Australia  Audio Clip Available
Sri Lanka to Boost Investment in Tamil Provinces Devastated by Civil War  Audio Clip Available
Obama: Iraq Election Law an "Important Milestone"  Audio Clip Available
Iraqi Parliament Approves New Electoral Law After Raucous Debate  Audio Clip Available
US Army Chief of Staff: More Troops Needed in Afghanistan
Market Bomber Kills 13 in Northwest Pakistan
Clinton Urges Europeans to Bring Down "Walls" of Terrorism, Oppression  Audio Clip Available
Hurricane Ida Heads Toward Gulf of Mexico, Floods Kill 91 in El Salvador
Russia-Iran Relations Balancing on Nuclear Issue
Motive Sought for Texas Mass Shooting
Dalai Lama Rejects Chinese Criticism of Monastery Visit  Audio Clip Available
China's Premier Pledges $10 billion in Loans to Africa  Audio Clip Available
Netanyahu Heads to US Amid Crisis in Peace Process  Audio Clip Available
Japan Pledges More Aid to Burma if Political Prisoners are Released
WFP Making Inroads on Alleviating Hunger  Audio Clip Available
Deposed Madagascar President says He Will Work With Rival Who Ousted Him  Audio Clip Available
US Health Care Debate Continues on Partisan Lines