Daily News  :: West Africa

World Bank aids Sierra Leone development

Published: 20-DEC-06

Freetown - The World Bank will give $10mn to aid development in Sierra Leone and help the desperately poor post-war nation reform the way it is governed, the bank said on Monday.

"The grant will provide critical resources to support elements of the Government's Poverty Reduction Strategy," the bank said in the statement released in the capital of the west African nation, which in 2001 emerged from one of the most brutal civil wars in modern history.

It also aims to help the country's leaders boost progress in "governance, decentralisation of government, management of public resources and private sector-led economic growth", the statement said.

The World Bank's President Paul Wolfowitz said on a visit to Sierra Leone in July that its post-war recovery had been managed more successfully than in any other African nation, particularly in governance and use of donor funds.

But the former British colony is still desperately poor, ranking nearly bottom in the United Nations' 2006 human development index.

On Saturday a top European Union official in Sierra Leone said the EU would provide 165 million euros ($218mn) in development aid to the country over the next two years.-Sapa-AFP

Print this page Send this article to a friend

Market news on your cellphone
Get live JSE listed shares, warrants, major indices, brent crude oil, international markets, agricultural futures & daily market analysis via SMS on your mobile.
Find out more...

Energy in Africa
Energy in Africa is an intelligent and in-depth look at how energy impacts people, places, projects, price and development around the African continent.
Subscribe now...

African Business Leaders Forum
African business and public sector leaders define and construct a prosperous future for the continent.
Find out more...

Online travel bookings
Planning to travel? Book accommodation in Africa & South Africa here.
Book now...

Contact us | Advertising | Subscriptions | Newsletter | About us | Employee Email

All material copyright Business in Africa. All rights reserved. Material may not be published or reproduced in any form without prior written permission. Read these terms & conditions. Read our privacy statement and security statement. Powered by Mail & Guardian Online & iafrica.com. The domains businessinafrica.net, energyinafrica.net are owned by Business in Africa.