Sierra Leone's Impact On African Economy

ABSTRACT

African economy is discussed greatly in today’s world. The African continent is rich in resources but the most of the population is poor. Decade after decade, politicians and international organizations have failed to reduce poverty. Nor have they been able to help Africa generate growth or build basic infrastructure.

The only way of growth is to invest huge amount of money into the economy which china is giving past 10 years.

In this research we will study the influence of Chinese aid on the growth of western economies of Africa considering the case of Sierra Leone.

We found with the research that the aid may have been associated with improvement in economic growth in the country; its impact during the period of war is found to be

Sierra Leone is a nominally Muslim country, though with an influential Christian minority. Religious affiliation is 60% Muslim, 30% indigenous beliefs, and 10% Christian. Sierra Leone is regarded as one of the most religiously tolerant nations in the world. Muslims and Christians collaborate and interact with each other peacefully. Religious violence is very rare in the country. Sierra Leone has relied on mining, especially diamonds, for its economic base. It is also among the largest producers of titanium and bauxite, a major producer of gold, and has one of the world's largest deposits of rutile. Sierra Leone is home to the third-largest natural harbor in the world. Despite exploitation of this natural wealth, 70% of its people live in poverty. (Alexander Peter Kup,

Civil conflicts inevitably destabilize and damage the political and economic institutions that are necessary if aid is to be put to effective use. This is not to say that donors should not grant any aid during civil conflicts. Instead aid given under such conditions should be viewed as a measure targeting short-term economic stability rather than long term economic growth. Aid and Growth in the post-war period: 2002-07 There are three reasons for singling out the post-war period to find out if aid remains positively significant on economic growth during this period.

First since the end of the 11-year civil conflict Sierra Leone has had substantial inflows of foreign aid from a diverse range of donors sympathetic to the destruction of human resources, and social and physical infrastructure in the country.

Second, there has been considerable strengthening of the countries policies and institutions.

Third there have been reports and attacks on the government as well as the donor community for their misuse of foreign aid flows after the civil conflict. The fact that the results show that aid had a positive impact on growth during the post-war era is perhaps unsurprising given the substantial influx of aid to Sierra Leone during this period and the reform of its institutions to standards surpassing their pre-war