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Sierra Leone: President Appeals for Help Over Debt Burden – AllAfrica.com

By Kemo Cham

Freetown Sierra Leone’s new President Julius Maada Bio has appealed for international help to bail his country out of an economic crisis.

He blames the crisis on a huge debt incurred by his predecessor Ernest Bai Koroma and an underperforming economy.

President Bio told an International Monetary Fund (IMF) meeting in Freetown that he inherited a country with the worst economic state since independence in 1961, a situation, he said, had been worsened by agreements signed by his predecessor on the eve of this year’s General Election.

Development partners

“Initial assessment by the Governance Transition Team reveals that my administration will be faced with the worst economic situation since indep…

Read the full article at: https://allafrica.com/stories/201804160144.html

Category: Debt HelpBy Insolvency GuardianApril 16, 2018

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Sierra Leone: President Appeals for Help Over Debt Burden – AllAfrica.com

By Kemo Cham

Freetown Sierra Leone’s new President Julius Maada Bio has appealed for international help to bail his country out of an economic crisis.

He blames the crisis on a huge debt incurred by his predecessor Ernest Bai Koroma and an underperforming economy.

President Bio told an International Monetary Fund (IMF) meeting in Freetown that he inherited a country with the worst economic state since independence in 1961, a situation, he said, had been worsened by agreements signed by his predecessor on the eve of this year’s General Election.

Development partners

“Initial assessment by the Governance Transition Team reveals that my administration will be faced with the worst economic situation since independence,” President Bio…

Read the full article at: http://allafrica.com/stories/201804160144.html

Category: Debt HelpBy Insolvency GuardianApril 16, 2018

Post navigation

PreviousPrevious post:ASK AMY: Hidden debt makes wife want to run and hide – CANOENextNext post:Bertucci’s Files for Chapter 11 Restructuring for Future Growth – Markets Insider

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