World Bank Supports National Safety Net
One of the world’s leading bodies in combating poverty and aiding development, “The World Bank” continues to support Sierra Leone in its developmental advances, not only to establish the key building blocks for a basic national safety net system, but also to provide income support to extremely poor house-holds in the West African Country. (Photo: Lily Wong of the World Bank, Ambassador Bockari Stevens, and Deputy Chief of Mission Ambassador I. S. Conteh)
That was why Sierra Leone’s Ambassador accredited to the United States of America H.E. Bockari Kortu Stevens has on behalf of the Government of President Ernest Bai Koroma, signed an amount equivalent to SDR 4,600,000 financing Agreement pact with the World Bank on the proposed financing (Social Safety Net Project).
The signing ceremony took place at the 1701 19th Chancery Om Washington DC, USA.
According to World Bank Program Assistant Lily Wong, the signing of “the agreement was a direct result of a recommendation made by a committee constituted by the International Development Association under section 1 (d) of Article V of the Articles of Agreement on the proposed financing (Social Safety Net Project) to the Government of the Republic of Sierra Leone.
“The Committee finds that said project merits financial assistance from the Association and hereby recommended said project for such assistance.”
“The purpose of said grant is to establish the key building blocks for a basic national safety net system and to provide income support to extremely poor house-holds in Sierra Leone.”
The Committee is also of the opinion, that the project comes within the purposes of the Association as set forth in Article 1 of said Articles of Agreement, and the said project is designed to promote the economic development of the Republic of Sierra Leone and is of high developmental priority in the light of the needs of the Republic of Sierra Leone.
Present at the signing ceremony were Deputy Chief of Mission Ambassador I.S. Conteh, First Secretary Edward Kawa, Financial Attaché Paul M. Kama, and Pasco Gerald Temple.
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