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G/Bissau shuns extravagant spending
Tuesday, 27 July 2010 22:05
The Bissau Guinean government has announced a new policy aimed at cutting down on high spending of public fund.A statement released Tuesday, attributed to Prime Minister Carlos Gomes Junior, announced a halt to official trips abroad and forbade the purchase of luxury cars costing over 30,000 euros (38,000 US dollars).
"No member of the government is currently allowed to leave the country," the statement warned, noting that the measures had been taken in compliance with the requirement of international donor organizations.
There has been increasing call for public sector reform in the West African nation.
As part of a budgetary reform announced last week, the Bissau Guinean government ordered that "some missions outside the country be entrusted to ambassadors" and demanded that ministers seek permission from the central government before signing or negotiating any agreements.
Earlier in July, Guinea Bissau reached an agreement with creditor nations under the influential Paris Club for partial relief of its public debt.
One of the poorest countries in the world, Guinea-Bissau’s longstanding unrest rendered almost all its institutions irrelevant, pushing the country to the brink of failure.
With high level poverty levels, drug trafficking became the norm, with the country’s security leading in the trade, making it hard for the authorities to stem it.
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