Let us break this myth down:
- Each year, the United Nations General Assembly elects five non-permanent members (out of ten in total) for a two-year term. The ten non-permanent seats are rotational and distributed on a regional basis!
- After running the economy into huge debts with the IMF and other institutions, Maada Bio and his opposition allies are saying Sierra Leoneans should celebrate that he is receiving more debts and a rotational seat at the UN Security Council.
- On 30th November 2018, the IMF US$172.1 million extended credit facility for Sierra Leone, the Maada Bio regime has taken US$144.6 million from that debt facility. What did Maada Bio do with the debt money? Has the economy recovered from crisis?
- So, after running the economy into huge debts with the IMF and other institutions, Maada Bio and his opposition allies are saying Sierra Leoneans should celebrate that he is receiving more debts and a rotational seat at the UN Security Council.
- At this point in time, Maada Bio and all the opposition elements who are insulting well-meaning Sierra Leoneans should begin to tell us what has Maada Bio really done with all the huge foreign and domestic debts that he took in these past five years?
- Let me write this one in Creole: Watin Mister Maada Bio do with all the big, big debt wey e don take from IMF and other organizations insai dis five year? For owe plenti debt na gentri? Na who go pay dis debt now wey Mr Bio don lef?
- In May 2023, the Economist Intelligence Unit had stated that any incoming government in Sierra Leone will face a complex challenge, with inflation out of control, a falling currency and large budget and current-account deficits.
- With an unpromising macroeconomic situation and inflation running at 43.1% year on year, the EIU says Sierra Leone is still expected to request a new IMF credit programme when the current one runs out at end-2023.
- Did Maada Bio promise you in 2018 that he is going to take more debts from IMF and other agencies? Did he promise to increase Sierra Leone’s foreign and domestic debt? Yet, since 2018 to date, he has taken US$144.6 million in IMF credit!!
- In five years, Maada Bio’s economic agenda, which promised so much to Sierra Leoneans in 2018, has created more external and domestic debts for the country. In essence, Bio has only succeeded in creating more debts since 2018.
Chernoh Alpha M. Bah
Africanist Press
USA
www.AfricanistPress.com