AfDB grants $1.2m to support Sierra Leone’s central bank

The African Development Bank (AfDB) has signed a $1.2 million grant financing agreement with Sierra Leone to provide urgently-needed support to the country’s financial sector development plan.

In a statement, the AfDB said the grant will be used to provide technical assistance and training to staff of the Central Bank of Sierra Leone.

The grant will also enable the country’s central bank to develop a bank-wide information technology policy and strategy, set up record management systems and define policy and strategy to support the implementation of risk based internal audit operations.

The agreement was signed on June 1, 2012 during the AfDB’s 2012 Annual General Meeting in Tanzania.

By Ekow Quandzie