For the past two weeks Sierra Leone Government has been receiving flurry of  financial support from development partners such the International Monetary Fund, World Bank, and the European Union.

Just last week, the executive board of IMF  approved the disbursement of $143M to the government of Sierra Leone to help meet the urgent balance of payment and fiscal needs stemming from the global pandemic.

At the same time, the European Union approved over Euro10M to also help the cushion the effects of the COVID-19 on the people of Sierra Leone.

Just on Thursday 17 June, World Bank approved a $100M grant for Sierra Leone to support the government in promoting sustainable and inclusive growth and building economic resilience.

Report says that this is the first time that a grant of $100M support by the World Bank has been disbursed to the Sierra Leone government and that  it came about when President Bio, visited both the President and Vice President of the World Bank in Washington where he called on them to increase the support to the country.

Minister of Finance Jacob Jusu Saffa said this is a demonstration of confidence in the leadership of President Bio by development partners, assuring Sierra Leoneans that these funds will be used to implement programmes and projects that will impact their livelihood to reduce poverty.

Meanwhile, citizens have praised the Minister of Finance JJ Saffa for what they described as his deft negotiation skills and adroit fiscal policies that he has put in place that have given development partners huge confidence in the government of Sierra Leone once again.

They stated that had it not been for the fiscal direction of the Minister and his team at finance such huge amount of confidence would not have been put on the Government.


Please enter your comment!
Please enter your name here