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Sierra Leone Receives US$686.2m

Standard Times (Freetown)
NEWS
January 13, 2005
Posted to the web January 13, 2005

By Mohamed Konneh

According to a recent World Bank report, as of May 2004, the Bank had approved
a total of five (5) IBRD loans and forty (40) IDA credits and grants for Sierra
Leone, for a total amount of approximately US$686.2 million.
The commitment of the Bank to eight ongoing operations is nearly US$184
million.
This revelation was made by the Bank against the background of its recognition
of the country's successful conclusion of the decade-long civil war and the re-
establishment of security as well as restoring public services across the
country.
The Report named especially the completion of the first local government
elections in thirty-two (32) years in May last year.
The challenge ahead, it noted, is to continue the process of rebuilding as well
as ensuring a good environment policy for economic growth and job creation for
its inhabitants.
It reiterated the Bank commitment to support the country in this mission, to
fight poverty, promote economic development and improve the living standards of
the people.
The eight on-going Bank operations in the country include agriculture,
education, energy, finance, health, industry, information, transportation,
water, and public administration.

   

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