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World Bank releases $30million dollars to Sierra Leone

Author: SEM Contributor

In what can only be seen as growing confidence in the economic development of Sierra Leone accelerated by sound economic management, the World Bank released $30 million dollars to the government of Sierra Leone on Thursday, November 19^th, 2009. (Photo: left- Sierra Leone’s Ambassador to the USA, HE Bockari K Stevens and right-World Bank Country Programme Coordinator for West Africa, Mr. Sergiy Kulyk)

At a signing ceremony at the eighth floor of the Bank’s Headquarters in Washington D.C. described as overt confidence by the World Bank on the fiscal policies of Sierra Leone that country’s Ambassador to the USA. H.E. Bockari K. Stevens, who is also accredited to the Bretton Woods Institution, today signed on behalf of the Sierra Leone Government, two more credit agreements with the World Bank.

The World Bank Country Programme Coordinator for West Africa, Mr. Sergiy Kulyk, signing on behalf of the Bank praised the government of President Koroma for their hard work that has been noted by the Bank. The Coordinator also praised the hard work of the Bank staff in collaboration with their counterparts in Sierra Leone which has made this event possible.

More than 25 million dollars goes to NACSA which has performed so well that it had merited an increase in financial provision. The Director noted that this increase was in recognition of the sound fiscal history of NACSA and recognition of its role, especially in areas of youth employment. More than 60,000 young people are expected to benefit from this funding agreement and at least 31,000 people will benefit directly from the “cash for work programme”, noted the Bank official.

Mr. Sergiy Kulyk finally added that the Sierra Leone government had a very impressive fiscal track record by meeting all of their World Bank economic targets.

Present at this impressive ceremony were officials of the World Bank and the Sierra Leone Embassy

In another engagement on Wednesday, the Ambassador on the invitation of the Congressional Black Caucus, specifically by Congresswoman Barbara Lee, served as Panelist on the “Foundation’s Heritage and Ancestry Issue Forum. The Forum presented an extra-ordinary opportunity to re-connect with members of the Congressional Black Caucus. The Ambassador was peered together with Congressmen Donald Payne, Danny Davis, Congress Women Sheila Jackson Lee, Donna Christensen, Carolyn Kilpatrick, and Barbara Lee.

On the panel was also Ms. Gina Page representing a Genetic Ancestry Testing organization. This organization is one of the foremost organizations in the United States and a world leader that uses the most recent scientific instruments to determine the DNA of African Americans. The DNA is used to trace the maternal and paternal lineages of African descent. Many had their DNA pointing to Sierra Leone as their ancestral home. At the moment more than a dozen African Americans who trace their DNA to Sierra Leone have applied for Dual citizenship, Ambassador Stevens revealed.

The moderator was legendary radio presenter Joe Madison who has traced his origins genetically back to Sierra Leone.

Embassy of Sierra Leone, DC Washington, USA

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World Bank releases $30million dollars to Sierra Leone

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