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 AFRICAN DEVELOPMENT BANK (AfDB)
The African Development Bank (AfDB) Group comprises of the African Development Bank, the African Development Fund and the Nigeria Trust Fund.
As Africa’s premier development financial institution, it membership consist of 53 African and 24 non-African Member States, the overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction. The Bank Group has achieved this objective by mobilizing and allocating resources for investment in RMCs, and providing policy advice and technical assistance to support development efforts.
The AfDB has been operating in Sierra Leone since 1967; three years after its establishment in 1964. However, owing to the civil conflict in Sierra Leone, the Bank’s programme in the country was put on hold between 1991 and 2002. Its operations resumed afterwards and contributed to the nation’s post-conflict recovery efforts by helping to rebuild state institutions, promoting growth and employment, and restoring basic services. The Bank’s current programme in Sierra Leone is guided by the Country Strategy Paper (CSP-2020-2024). This paper outlines the areas of intervention over the period 2020-2024 based on the priorities of Sierra Leone as articulated in the Medium-Term National Development Plan 2019-2023. The two priority areas in the current CSP are geared toward enhancing access to quality infrastructure and supporting inclusive growth and job creation through private sector development.
In the 2023 fiscal year, the AfDB provided $17.95 million to fund various projects in Sierra Leone, representing a 1.7 percent decrease compared to its 2022 support of $18.26 million. An estimated 84.71 percent ($15.20 million) of this support was provided as grants and 15.29 percent ($2.75 million) percent as loans. Furthermore, in contrast to 2022, when the Bank's support included both project and direct budget support, all disbursements from the African Development Bank (AfDB) in 2023 were allocated exclusively to project support.
For further information on African Development Bank activities in Sierra Leone please visit www.afdb.org/en/countries/west-africa/sierra-leone
CONTACT DETAILS |
Ms. Halima Hashi
Country Manager
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13 Lamina Sankoh Street,
5th & 6th Floor, Bishop Building,
Freetown, Sierra Leone
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