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World Bank Approves US$ 65 Million Budget Support to Sierra Leone


GOVERNMENT OF SIERRA LEONE MINISTRY OF FINANCE

PRESS RELEASE
World Bank Approves US$ 65 Million Budget Support to Sierra Leone

The Government of Sierra Leone, through the Ministry of Finance, is pleased to inform the General Public that the World Bank Board Executive Directors has approved the Third Inclusive and Sustainable Growth Development Policy Financing (DPF) and the disbursement of a $65 million Grant, which will support the Government of Sierra Leone to address critical developmental challenges, by supporting reforms related to macroeconomic stability, mining sector governance, land management practices, gender equality, and accountability of the public sector.

The DPF addresses weaknesses in land management, mining, and public sector governance while strengthening climate adaptation and resilience. Reforms supported by the programme are consistent with the World Bank's crisis response framework for supporting green, resilient, inclusive development, the Global Crisis Response Framework, and the Big Five priorities of the
Government of Sierra Leone.

The reforms will support critical areas which will stimulate growth in lands, mining, and the
sectors that will improve inclusiveness in Education, Gender and Payment Systems, quality of transparency and governance in procurement, and efficiency of State-Owned Enterprises.

This support will help the government to meet its critical pro-poor expenditures in education,
health, and other statutory payments.

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