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Saturday, February 4, 2023

Bio Laments On Salone Economy

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Bio Laments On Salone Economy


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He went on to say that the interactive dialogue – moving the money to fill the climate action and SDGs financing gap – moderated by Financial Times’ Gillian Tett, features a small number of institutional investors having an engaging discussion on removing the obstacles to attract private capital with select Heads of States or Government.  

The President also stated that to attract the trillions of US dollars Sierra Leone needs for transformation, needs to be done in a regulatory environment, improve macroeconomic fundamentals such as well-managed exchange rates, inflation and public debt so as to provide the right signals for mobilizing private capital.

“While we in Sierra Leone are trying to move the money to fill the climate action and SDG imperatives, we are also issuing a clarion call to the global business community on the need for ensuring environmentally friendly and responsible business practices so as to protect our country and the broader planet in which we all live.

“With the right structural reforms and institutions, other investment bottlenecks such as lack of energy, water, ICT and transport infrastructure will become more of an investment opportunity than an impediment to attracting private capital. While we need to overcome credit and finance challenges encountered by these critical enterprises, more important is the need to overcome the digital and physical infrastructural impediments to our economies,” President Bio said.

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