In Guinea for nearly ten days, as part of an evaluation mission, the emissaries of the IMF and the World Bank were amazed to note budgetary discrepancies very far from the line of action enacted during its previous visit.
According to revelations relayed in the press by the site Mosaic Guinea, massive issuance of payment authorization at the level of the treasure have forced the latter to go into debt with the central bank to the tune of more than 2million Guinean Francs, this which would have derailed the program.
As a result, the emissaries of Breton Woods demand new austerity measures to fill the gaps. The continuation of the program with Guinea is now conditional on the increase in the price of fuel at the pump and the cessation of state subsidies to EDG (Guinea electricity), the state electricity supply company managed by Guinea. Veolia.
Clearly, we ask ordinary people to pay the bill of lack of rigor and financial orthodoxy of finance and budget officials. The pill is hard to pass, as some trade union leaders and politicians of the opposition have already rejected any solutions in this direction.
