AWARENESS TIMES
Sierra Leone News & Information

State House | Press Union | Lumley Beach | AllAfrica | SL-Web

www.awarenesstimes.com

  Giving Knowledge to the People
welcome to sierra leone's premier news source
Last Updated: Oct 16th, 2008 - 10:45:52 
Front Page 
 
 NEWS
 Breaking News
 Local News
 Politics
 Photo News
 
 EDITORIALS
 
 COMMENTS & OPINIONS
 Moiie's Column
 
 FEATURES
 
 ENTERTAINMENT
 
 PROFILES
 Role Models
 Awareness Lady
 Common Man
 
 THE ECONOMY
 
 NOTICES & DOCUMENTS
 Special Greetings
 Legal Matters
 Obituaries
 
 PAID SUPPLEMENTS
 
 ADVERTISEMENTS
 
 SATIRE
 
 MEET THE TEAM
Search


Published online by
Sylvia Blyden Dot Com

17 Garrison Street,
Freetown,
Sierra Leone.
Tel: +232-30-321001
Tel: +232-77-321001
Tel: +232-76-749001
Tel: +232-30-456003
Email:
editor@awarenesstimes.com
Website:
www.awarenesstimes.com

NOTICES & DOCUMENTS  

The World Bank Working for a World free of Poverty News Release
By
Oct 15, 2008, 17:02
Email this article
 Printer friendly page

THE WORLD BANK

Working for a World free of Poverty

 News Release


No. 2008/SL J19/AFR

FREETOWN: Mohamed Sidie Sheriff (+23276) 605447

msheriff@worldbank.org

 

World Bank Board approved a one-tranche credit of US$10 million to the Government of Sierra Leone to help implement the country’s Poverty Reduction Strategy in the context of a multi-donor budget support framework.

 

Freetown, October7 2008- The World Bank Board has today approved the Second Governance Reform and Growth Credit (GRGC-2) of US$10 million to the Government of Sierra Leone to help implement the country’s Poverty Reduction Strategy in the context of a multi-donor budget support framework.

 

The one tranche credit is the second in series of development policy lending by the World Bank in support of Sierra Leone’s transition from post-conflict recovery to sustainable development. It is designed to help in consolidating and depending the agenda of the first Governance Reform and Growth Credit (GRGC-1) by continuing to support measures to:

(a) Preserve the fiscal space needed for poverty reduction;

(b) Promote efficiency, transparency and accountability in the use of public resources; and 

(c) Improve the investment climate

The measures supported by the GRGC-2 are expected to have a significant positive impact on poverty reduction.

 

By undertaking program actions aimed at preserving adequate fiscal space for poverty reducing programs, the government will be better positioned to deliver key public services even if revenues and grants fall short o targets.

 

Improvements in the investment climate supported by the operation should help sustain high CDP growth rates and promote exports.

The strengthening of public financial management is expected to enhance efficiency, transparency and accountability in public investments and service delivery. It is also expected that such measures would increase the country’s absorption capacity for external resources.

 

# # #

 

For more information on the Second Governance Reform and Growth Credit (GRGC-2), please contact the project Task Team Leader (TTL) Douglas M. Addison, whose email contract is Doddison@worldbank.org or the Country Economist, Yusuf Bob Foday, whose email contact is Yfoday@worldbank.org


© Copyright by Awareness Times Newspaper in Freetown, Sierra Leone.

Top of Page

Latest Headlines
NEWS
Bank Governor Samura Kamara has a Lot of Confessions for the Commission of Enquiry
Sierra Leone's Berewa heads for Peace Talks in Zimbabwe
Diaspora Youths Dialogue On Sierra Leone Development
EDITORIALS
As Income Electrix Reveals Electricity Problems: Ernest Koroma Owes SLPP An Apology?
We Don’t Hate Ernest Koroma; We want him to Successfully Lead
An Embarrassing Lack of English Comprehension at Sierra Leone's State House
COMMENTS & OPINIONS
Is Ernest Koroma A: Axioms of Chernoh Alpha M. Bah
IMC Investigates More Complaints
Why Corruption Is Harmful
FEATURES
Bodda, Bodsu And Africel- Summer School, School Debate Competition, Awards Of Scholarship And Bodsu Executive Inaugural Ceremony-2008
Culled From The Exclusive Newspaper Of October 6th 2008: As Sylvia Blyden Expresses Pleasure…Fatmata Bangura Granted Bail in Sierra Leone
SLIEPA Meets With Exporters Association in Sierra Leone
ENTERTAINMENT
Solomon Ekuma Berewa Gets Surprise 70th Birthday Party
Sierra Leone's Kha-Benneh Bangura Wants Your Votes
Goapele, Daddy Saj and Mahala @ Zanzibar on Night of Saturday 26th
PROFILES
Sierra Leonean Woman Excels In UK
Remembering Lady Mary Alexandrina Bankole-Jones of Sierra Leone
Hon. Julius Nye Cuffie (APC)
THE ECONOMY
Kailahun SLPP MP frowns at Finance Minister in Sierra Leone
Sept 23: Millicom Sierra Leone bounces back
Romanian buys more Sierra Leone Diamonds shares
NOTICES & DOCUMENTS
National Social Security And Insurance Trust Nassit Expression Of Interest
Press Release from the Sierra Leone Judiciary
Income Electrix Writes Anti Corruption of Sierra Leone
PAID SUPPLEMENTS
Union Trust Bank Opens Branch in New England Freetown, Sierra Leone
“Freetown is Safest City” :- says Douglas Alexander
In Memory of Captain Prince Ben-Hirsch (passed away 21st January 1992)
ADVERTISEMENTS
Diamond Airlines Hovercraft Service
National Revenue Authority (Head Office) Vacancy Announcement
Job Vacancy
SATIRE
Poor Philip Neville... A Lovelorn Admirer!
The Commander Gave an Order for 75 Billion Leones
All People’s Confusion [APC] - All the People are Confused
MEET THE TEAM
WE ARE MOVING TO BIGGER, FASTER SERVERS
Meet the Awareness Team

Copyright © 2005 - 2007, Awareness Times Sierra Leone; All Rights Reserved.
Hosted & Designed by West Africa Dot Net