BREAKING: IMF Want To Learn How Billions Of Dollars LENT To African Countries To Fight covid Have Been Used
In a region full of corrupt leaders and politicians whose government were lent billions of dollars to fight COVID last year, its months now, almost a year with nothing to show for
IMF the International Monetary Fund through her chairperson Kristalina Georgieva wants to know how the billions of dollars sent to African countries to fight COVID have been spent so far
It will interest you to know that The International Monetary Fund (IMF) has so far lent Africa Nationals billions of dollars to fight the COVID pandemic and respond to the economic crisis that followed, as a result of the coronavirus outbreak
With all the lockdowns and shutdowns of business, events, and other social activities drastically affected by the pandemic
Now countries in Sub-Saharan Africa including Nigeria has received the money in billions of dollar with zero nothing to show for it, possible all the money has been looted by the corrupt leaders across Sub-Saharan Africa
IMF Now wants to know how the billions of dollars have been spent, the Managing Director Kristaline Georgieva made this know to global media at the roundtable with journalists on Friday 6th February 2021
The opposite of life, leadership, being human can all be seen in Africa, that many African leaders, including President Muhammadu Buhari’s lead government of Nigeria and the Prime Minister Abiy Ahmed of Ethiopia
Have early promised to spend the money on social services and healthcare, but there is little but zero evidence that such money was spent for that purpose
Millions of business were shut down no thanks to COVID, even as the people and business all over the world are learning to strive aims the COVID pandemic the Government of Nigeria through her sister body CBN has as early hours of 5th February shutdown cryptocurrency in Nigeria
A business niche model that has provided jobs to millions of unemployed youth of Nigeria, who are now more or less in danger to unemployment and possibly prone to cybercrime in a region where cybercrime is at its pick
The business was shut down with hunger virus killing Africans more than the COVID virus, while the Government of Africa countries are still yet to roll out stimulus support to African nationals, people were sacked and unemployment numbers skyrocketed as countries in the region tried to battle the respiratory illness
Other individuals, private companies, and NGO bodies including CA-COVID all donated billions of dollars to Africa nationals, all donations possible has been looted by the leaders with nothing to show for
It’s now almost a year after, there is no single person who has been vaccinated in Nigeria or Ethiopia, few individuals from these countries now travel to Dubai and other western countries to get themself and family vaccinated, the situation is not much different in many other African countries
Georgieva said that IMF has been fast and have delivered massive support to African countries. and will like to know how the money has been spent so far, is part of our responsibility to ensure that the money given to all nationals to be used for the purposes declared, Georgieva said
She also added: ‘What we build in our emergency financing are two things, one for countries where there is a need to strengthen the accountability up front, we would put what we call prior actions
Show us that you have transparency of procurement, and if you don’t have it, put it in place. And for all countries, we are asking for audits of how money was spent. Show us the receipts.
Countries are free to spend the money, but don,t forget to keep the receipts, audit how the money was spent. Show us the receipts. And we are now at this stage of collecting the receipts and looking at those very, very carefully off which fake receipt and the false audit report will not be entertained
She also uses the medium to warn that with COVID 19 and lack of vaccinations things could be even worse for Africa, we still don’t know why the majority of Africa Countries has not started vaccinating their citizens, things could be even worse for Africa.
leaders have to take responsibility, the fight against COVID is a fight for all human, is a global collective fight against the common enemy the coronavirus, Africa as a continent seems to be too slow, we hope they step up in a matter of weeks from now
And don’t forget that the IMF COVID 19 loans to Africa countries are not FREE grants, the IMF Loans would be repaid in about five years and a year has eclipse so far and if mismanaged by the current leaders across Sub-sahara Africa, others will have to foot the bills, only but God knows how far this money has been used by the Africa leaders.
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