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IMF Managing Director Christine Lagarde Appoints Abebe Aemro Selassie as Director of the IMF’s African Department PDF Print E-mail
Business
Written by Press Release No. 16/409 FOR IMMEDIATE RELEASE September 15, 2016   
Thursday, 15 September 2016 18:52

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today announced her intention to appoint Abebe Aemro Selassie as Director of the IMF’s African Department. Mr. Selassie succeeds Antoinette Sayeh whose departure was announced previously. He is expected to begin his work in this capacity on September 19, 2016.

“Abe brings a profound understanding of the challenges facing Africa, having worked closely with policymakers from across the region for much of his career. His proven ability to provide intellectual leadership, track record of building collaborative relationships, analytical depth, and warm collegiality make him ideally placed to lead the IMF’s work with our membership in sub-Saharan Africa. Having had the opportunity to work with Abe over the last five years, I have been struck by his sound judgement, integrity, and commitment to teamwork,” Ms. Lagarde said.

Mr. Selassie’s career has spanned the private sector, government, and the IMF. During his time in the IMF’s African Department, he was senior resident representative in Uganda, served as mission chief for South Africa, led work on the Regional Economic Outlook, and worked in various roles on countries ranging from Cote D’Ivoire, Ghana, and Kenya, to Burkina Faso, Guinea, Liberia, and Sierra Leone. Most recently, Mr. Selassie oversaw the IMF’s effort to assist the three Ebola-stricken countries.

 

Mr. Selassie also brings extensive operational and policy experience from his assignments in other IMF departments, including the Strategy, Policy and Review Department and the European Department. He worked on Turkey and Poland between 1999 and 2003, and was Assistant Director and mission chief for Portugal during the Eurozone crisis. He has also worked on low-income country and emerging-market program and policy design issues. 

 

Before joining the IMF, Mr. Selassie worked for the Economist Intelligence Unit, specializing in sovereign credit risk issues, and then for the Ethiopian government as Principal Economist in the Office of the President. He holds a B.A. in Economics from City of London Polytechnic and a Masters in Economic History from London School of Economics.

 

“The IMF remains deeply committed to serving our members in Africa. Abe will bring a unique blend of extensive knowledge and experience to his new position as Director of the African Department,” Ms. Lagarde said.

 

Editorial

26th IPRA Conference in Sierra Leone Ends on a High Note

The International Peace Research Association (IPRA) successfully held its 26th General Conference on ‘Agenda for Peace and Development: Conflict Prevention, Post-Conflict Transformation, and the Conflict, Disaster Risk and Sustainable Development Debate’ in collaboration with the 10TH Dealing With Disasters Series, Northumbria University (UK)and Sakarya University (Turkey) and  the University of  Sierra Leone at the Bintumani Conference Centre in Freetown, Sierra Leone from November 27 to 1st December 2016.

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Business News

Managing Director of Rokel Commercial Bank, speaks to The Worldfolio about the investment opportunities in Sierra Leone

John D. Okrafo-Smart, Managing Director of Rokel Commercial Bank, speaks to The Worldfolio about the investment opportunities in Sierra Leone and gives his insight into the banking landscape.

Excerpts shared by Sheriff Mahmud Ismail

The Government of Sierra Leone is placing great priority in improving the business climate, enhancing infrastructure and support to private sector development. In line with the government focus, the Central Bank is targeting price stability in support of economic recovery, enhancing monetary policy instruments and liquidity management and also limiting intervention in the foreign exchange market, which will be important to preserve foreign exchange reserves.

The above measures will help in the strengthening of the banking system to support financial intermediation. Commercial banks are thus poised to benefit and take advantage of the improved economic and business environment by offering better services to their customers, including loans and overdrafts and forex to import, thereby creating wealth and boosting government revenue.

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Media News

Two veteran Journalists, now in the United States have paid a courtesy call on Sierra Leone's Ambassador

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Mr. Rod Mac-Johnson, former Lecturer Fourah Bay College, former Director of Information Ministry of Information and Communications, Former Director Sierra Leone News Agency (SLENA), Former Chairman Independent Media Commission (IMC) and stringer French News Agency  etc. is on vacation and Mr. Cyril Juxon Smith Director Information and Communications House of Parliament, former Acting Director General Sierra Leone Broadcasting Service (SLBS) and former UNESCO Media Consultant  is in the United States of America to attend the funeral of his father.

Speaking at the Ambassador’s residence on 4821 Colorado Avenue, Washington DC  Mr. Rod Mac-Johnson said “Thank  you Amr. Stevens for accommodating us in the middle of your tight schedule, and also to discuss with us in a homely spirit.

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Commentary

Dr. Tam Baryoh’s Only Crime!

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Nnamdi Azikiwe was to serve as the first president of independent Nigeria from 1963 to 1966. He opened and edited a number of newspapers in Ghana and Nigeria and later became an active politician. Obafemi Awolowo was a great Nigerian politician. He also was an active journalist and edited The Nigerian Worker, amongst other publications.

There is a clear link between politics and journalism though, there seems to be a very thin boundary, or perhaps, “a reflective door in the firewall, such that with time, politicians and journalists cross the line changing roles and moving from side to side,” argues Aminat Afolabi in a piece, titled ‘Politics and Journalism, the Interwoven Relationship between Them.”

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How and Why I endorse Julius Maada Bio for President?

I have

I have endorsed Retired Brigadier Julius Maada Bio for the SLPP presidential ticket in the March 7 2018 elections because I strongly believe in his project and ability to succeed as our next president if given the opportunity.  Perhaps I need to provide  some context as to how, when and why I took this decision.

Maada Bio is the second presidential candidate I have ever endorsed in Sierra Leone. The first was late president TejanKabbah during the campaigns in the 1996 general elections, which he won. I was then publisher and Editor-in-Chief of Expo Times, which won the best-selling newspaper award from the National Vendors Association that year. At the time, my newspaper was the largest circulation and most widely read newspaper in the country and my nearest competitors were For Di People and Concord Times. When the presidential election campaigns became heated and the battle lines were clearly drawn with the three front-runners, TejanKabbah of the SLPP, Karefa-Smart of the UNPP, and Thaimu Bangura of PDP (SORBEH), For Di People declared for and endorsed Karefa-Smart and the UNPP while Concord Times declared for and endorsed Thaimu Bangura and the PDP. Dr Prince Harding and Banda-Thomas then approached me to endorse and help TejanKabbah of the SLPP, who was then the clear frontrunner according to Opinion polls, to win the elections. 

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News - Press Release

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(MFAIC Press Office, 18th October, 2017). The European Union Election Exploratory Mission to Sierra Leone led by Head of European Union Delegation to Sierra Leone, H.E. Tom Vens has paid a working visit to the Minister, Dr. Samura M.W. Kamara and Senior Management Staff of the Ministry of Foreign Affairs and International Cooperation, at the Ministry’s office in Tower Hill, Freetown.

Ambassador Tom Vens stated that the EU Election Exploratory Mission is in Sierra Leone following an invitation by the Government of Sierra Leone for EU Electoral assistance, and to further discuss the role of the Ministry of Foreign Affairs and International Cooperation in facilitating EU Observer Mission for the March 2018 elections in the country. The EU Election Exploratory Missionas part of its mandate is in the country to draft and finalise the MOU with the Government of Sierra Leone through the Foreign Ministry.

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Society -Local News

ACC SPEAKS TO MAFFS ON THE PAY NO BRIBE CAMPAIGN

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Addressing staff of the Ministry of Agriculture Forestry and Food Security (MAFFS) at their Post Office Road Office in Magburaka, ACC Public Education Officer Abdulai Saccoh said, the Pay No Bribe (PNB) campaign is a sustained approach which gives opportunity to ministries, departments and agencies to deal with bribery issues from within their institutions.

Mr. Saccoh stated that the PNB has enabled citizens to interact with the reporting platform, report incidents of bribery using the PNB channels. Saccoh noted that though Tonkolili is not a PNB district, citizens in that part of the country should be aware of the campaign and could use the platform equally.

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Development

U.S. Ambassador launches National Early Warning Systems Project, funded by USAID

On Wednesday, October 18, U.S. Ambassador to Sierra Leone, Maria E. Brewer, announced the official launch of the USAID West Africa-funded “Mitigating Election Violence through National Early Warning Systems” (NEWS) project and the inauguration of the National Elections Response Group in Sierra Leone.

Supported by $500,000 from USAID, NEWS is implemented by the West African Network for Peacebuilding (WANEP) in Sierra Leone. The focus is to monitor and identify potential electoral violence triggers and assist government and non-government organizations in Sierra Leone to better mitigate them.
The National Elections Response Group (NERG) is a partnership under the NEWS project, between WANEP, the Inter-Religious Council, the Campaign for Good Governance, government stakeholders, representatives from the National Electoral Commission, the Ministry of Internal Affairs, Office of National Security (ONS) and a number of civil society organizations.

The primary objective of the National Elections Response Group (NERG) is to monitor the elections environment, develop, and recommend strategies and actions to relevant stakeholders with authority to implement necessary response actions to prevent escalation of tensions or incidence of violence for a peaceful 2018 election. Members of the NERG will work closely with WANEP, the Integrated Election Security Planning Committee under the ONS, Provincial and District Election Security Committees – PROSEC and DISEC with an extensive network of civil society organizations and with 60 community monitors across the country to identify potential risks of electoral violence.

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Politics

PRESIDENT KOROMA SAYS… “I am very proud of Ansumana Usman Koroma”

President Dr Ernest BaiKoroma has informed Sierra Leoneans that, “I am very proud that we have people like Ansumana. We need many more Ansumana Usman Koromas that will go out there as Ambassadors of our country, showing and telling a good story about Sierra Leone.”

Whilst speaking at his Presidential office in Freetown, President Koroma affirmed that, “I am very proud of Ansumana and I am encouraging him to do more by helping his people.”

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