Saturday, May 19, 2012
PL Playing Hang – Man With Seychellois Future
This week, Minister of Finance Mr. Pierre Laporte, candidly told the people of Seychelles what is at risk it Seychelles fails to live up to it’s obligations agreed to with the International Monetary Fund (IMF).
As Mr. Laporte was filmed walking up stairs, walking down stairs, scratching his butt and lower back on SBC, he revealed in a captioned interview on a desk that the following funding is at risk is Seychelles deflating economy goes on the blink , under JJ’s Administration. Judging from past experience, my advise to all Seychellois is to prepare for things to get worse, before then can get better.
Suspension of Multilateral Funding Threat
At stake at this hour is $10 Million in disbursements from IMF. This is 145 Million Seychelles Rupees.
Additionally, another $9 Million in disbursements from African Union will be cut if IMF cuts funding.
To add insult to injury, another $ 9 Million from the World Bank is at risk if the IMF sounds the alarm bells on the Communist party in Seychelles, under performance and lack of serious commitment to the economic reform program.
World Bank Agent Visit
Last week I spent Two (2) hours in a lengthy meeting with agents from the World Bank. They were quite perplexed with the chaotic nature of economic quagmire Seychelles has entered this year:
I. The cancellation of direct flights has hurt the net revenues for Tourism Industry. What will hurt us more, is the PL have embarked on another hair brain idea to hub through Abu Dhabi and they say air access is up 40% in Seychelles.
One question PL Communist: “If a hub through Abu Dhabi is such a great idea, why are our hotels not full and Tourism net revenues are dropping monthly?”
II. The piracy surge, though reduced by 50% in attacks, has hurt the fishing Industry. The failure of the government to timely respond to challenges we face as a micro island state, aggravate matters. It will take years to rebuild the Fishing Industry and it should be made a top priority by any government.
III.The business community has been sidelined as a partner in advancing real growth, with surrogate foreign interests always being more pleasant for the Communists to deal with. The Chamber of Commerce has been turned into Dr. Ramadoss private Club. The SHTA has been politically compromised for years, and the Chairman has been censored so much on SBC under the Michel Administration, that many do not even know who is the Chairman of this once vanguard of the Tourism Industry.
IV. While electricity and water tariffs sky rocket with increases exceeding 78% in 12 months, no energy conservation plan or alternative energy saving plan to get industry off the PUC grid exist that is practical, though there are numerous measures that could be taken immediately. To compound this morass of failure, the government in conjunction with SEPEC has increased the price of a bottle of cooking gas, by doubling it over night to 29.00 per kilo, and pushed a liter of fuel to over Sr. 24.25. Yet, no reduction in the 475% tax on fuel. No end to 0% tax on fuel to IDC. This is where IMF needs to run the rope to round up the Communists who fail us every day. Minister Pierre Laporte, with all his experience, will know it is time that Government of Seychelles, must learn to live within reasonable means. Recall well the old abage: “one must cut a suit according to the cloth one has, not according to the dreams he has”. The principle of thinking big as Michel asserts, has a big bill that goes with it.
The PL Communist have a tough road ahead, it is called: “The Long March of Failures”, the People of Seychelles, need to open their eyes to this reality, as it hurts us all, hold these Communists accountable.
When IMF starts to hang them, do not say I did not warn of an imminent hanging. I did………. and I told you so!
Sesel Pou Seselwa!
May God Bless All Freedom Loving Seychellois!
The Seychelles Column By Christopher Gill