African Development Bank approves $15.7m grant for Sierra Leone’s economic governance programme

The African Development Bank Group (AfDB) says its Board of Directors has approved a $15.7 million grant to finance Sierra Leone’s second Economic Governance Reform Programme.

The decision was taken in September 2011, according to the AfDB.

“The grant, from the AfDB Fragile States Facility, will be disbursed in two parts in 2011 and 2012,” said the Bank in a press release.

The Sierra Leonean programme aims to strengthen public financial management and revenue governance in the mining and energy sectors. It will also increase government’s fiscal space for pro-poor expenditure in line with the poverty reduction strategy, the AfDB indicated.

By Ekow Quandzie