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Statement at the Conclusion of an IMF Staff Mission to Sierra Leone
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Washington, September 22, 2009 - An International Monetary Fund
(IMF) mission led by Mr. Jan Mikkelsen visited the Republic of
Sierra Leone during September 9-22, 2009 to conduct the fifth
review under the Poverty Reduction and Growth Facility (PRGF)
arrangement. The mission met with the Hon. Minister of Finance
and National Planning, Dr. Samura Kamara; Governor of the Bank
of Sierra Leone, Sheku Sesay; other senior government officials;
representatives of the business community; civil society
organizations; and development partners.
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Sierra Leone Signs Letter of Intent, Memorandum of Economic and
Financial Policies, and Technical Memorandum of Understanding
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Freetown, June 26, 2009 - The Government of Sierra Leone (GoSL)
has signed a Letter of Intent, Memorandum of Economic and
Financial Policies (MEFP), and Technical Memorandum of
Understanding with the International Monetary Fund (IMF). The
Letter of Intent, which describes the policies that Sierra Leone
intends to implement in the context of its request for financial
support from the IMF is accompanied by the MEFP. The MEFP
describes recent economic developments and progress in the
implementation of the PRGF-supported program in Sierra Leone.
>>>more
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IMF Executive Board Completes Fourth Review Under PRGF
Arrangement for Sierra Leone, Approves Increase in Financial
Support and US$18.8 Million Disbursement
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Freetown, June 24, 2009 - The Executive Board of the International
Monetary Fund (IMF) completed on June 17, 2009 the fourth review
of Sierra Leone's economic performance under a four-year
arrangement Poverty Reduction and Growth Facility (PRGF)
arrangement and the review of the financing assurances. In
completing the review, the Executive Board also approved an
augmentation of Sierra Leone’s access under the PRGF
arrangement equivalent to SDR 10.37 million (about US$16.8
million or 10 percent of quota) to help support maintenance of the
country’s international reserves. >>>more
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Sierra Leone Receives Additional Funding for Bumbuna
Hydro Electric Project from the AfDB
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Freetown, June 16, 2009 - The Government of Sierra Leone has
received a supplementary loan from the African Development Fund
of UAC 35,610,000 to meet the cost of completing the Bumbuna
Hydroelectric Project, and the government intends to apply part of
the funds to eligible payments under the contract for the
management, operation and maintenance of the Bumbuna Hydro
Power Plant and associated transmission facilities. >>>more
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AfDB and Sierra Leone Sign a US$15 Million Grant
Agreement For Economic Governance Reform Programme
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Dakar, Senegal – 14 May 2009 – /ABC Television-Africa/ The
African Development Bank (AfDB) Group and the government of
Sierra Leone have signed a 10-million Units of Account (US$ 15.4
million) grant agreement to finance the country’s Economic
Governance Reform Programme (EPRG). The agreement was
signed on Thursday in Dakar, Senegal, by Vice President Zeinab El-
Bakri for the AfDB Group and Sierra Leone’s Finance and
Economic Development Minster, Samura Kamara, on the sidelines
of the institution’s Annual Meetings. >>>more
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Real GDP Growth in Sierra Leone in 2008 was 5.5%
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Freetown, May 2009 - An International Monetary Fund (IMF) mission
visited the Republic of Sierra Leone during March 24–April 7, 2009
to conduct discussions for the fourth review under the Poverty
Reduction and Growth Facility (PRGF) arrangement, and assess
the impact of the global recession on the economy of Sierra
Leone... >>>more
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AfDB Group Approves over US $235 Million for five operations in
Sierra Leone, Kenya, DRC and Rwanda
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Tunis, May 2009 – Executive Directors of the African Development
Bank (AfDB) Group held their regular sessions on Wednesday in
Tunis, where they approved over US$ 235 million to finance
operations in Sierra Leone, Kenya, DRC, and Rwanda.
Sierra Leone - The Boards approved 10 million Units of Account
(UA*), equivalent to US$ 15 million, from the AfDB/ADF grant under
the Supplemental Support Window of the Fragile States Facility
(FSF) to finance the country’s economic governance reform
programme. >>>more
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Matotoka to Sefadu Road Studies and Inst
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Tunis, - /ABC Television-Africa (ABC-Africa) / The AfDB approved
approximately USD$2.1 million in funds for a feasibility study of the
Matotoka to Sefadu road in Sierra Leone. The road is a major artery
between Freetown and Sefadu and links the major diamond
mining district to other towns and villages along the east-west
route corridor and is widely travelled by the residents of Kono
District. The feasibility studies commenced in August, 2008 and it
is expected to last for two years. >>>more
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Blair Visits Sierra Leone to Help Boost Tourism
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Freetown - Former British Prime Minister
Tony Blair is in Sierra Leone on a two-day
visit to the West African nation. Blair aide
Matthew Doyle says the former leader's visit
is to focus on expanding tourism in Sierra
Leone, which was ravaged by a decade of
war that ended in 2002. Blair also is
meeting with President Ernest Bai Koroma
on Tuesday and is expected to hold talks
with Cabinet ministers during his visit.
>>>more
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Tony Blair
Fmr. British Prime Minister
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Sierra Leone Qualifies for Fragile States Facility
Resources
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Dakar – 22 Jan 2009 - /ABC Television-Africa/ Sierra Leone has
qualified for Fragile States Facility resources, worth 72.47 million
units of account (US$ 112 million), following the approval of the
Boards of Directors of the African Development Bank (AfDB) Group
on Tuesday, January 21, 2009, in Tunis. Sierra Leone will thus
receive financial assistance to promote economic growth by
rehabilitating its infrastructure, improving its agricultural sector and
promoting good governance. >>>more
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