“Leaving nobody behind” is the very foundation of the Sustainable Development Goals. Therefore, we are happy to be working on this important initiative - which will make sure that more people in Sierra Leone have access to finance - together with the Bank of Sierra Leone
Sunil Saigal, Resident Coordinator, United Nations in Sierra Leone
Bank of Sierra Leone launched the Digital Financial Services (DFS) Working Group, one of the six working groups under the National Strategy for Financial Inclusion 2017 – 2020 that will deliver on the digital delivery of financial services. Chairing the maiden meeting of the DFS Working Group, Governor Dr Marah challenged the industry to use this platform to unlock the tremendous opportunity that DFS can bring to Sierra Leoneans who cannot access financial services and/or need capital for their businesses.
The World Food Programme (WFP) and the United Nations Capital Development Fund (UNCDF) sign an agreement in an effort to scale up WFP’s assistance to support the local economy in Sierra Leone through innovative cash-based transfers. The partnership will enable WFP to build a robust system for delivering cash transfers to the most vulnerable households.
This report stems from a comprehensive desk review of existing documentation and a range of in-depth interviews with stakeholders in the countries conducted by PHB Development and UNDP/UNCDF in March 2016. It aims to assist UNDP and UNCDF to develop country strategies, work plans and budgets for their digital finance activities in Guinea and Sierra Leone.
The Central Bank, Bank of Sierra Leone, in partnership with the United Nations Development Programme (UNDP) and the United Nations Capital Development Fund (UNCDF) launches the country’s first mobile money regulations to accelerate the delivery of financial services to the poor, including women and youth.
As part of its financial inclusion work, UNCDF has unique experience in supporting payment digitization, including for salaries, pensions, and social benefits. This reduces inefficiencies and improves transparency.
Four new local governments have received support from UNDP and UNCDF to improve transparency and accountability of their tax administration and increase their internal revenue mobilization. The beneficiaries are Kambia, Western Area Rural, Bo and Bonthe District Councils. Support included setting up the fiscal cadaster system and providing equipment for the valuation offices. Equipment comprises an ICT package and a projector.
On 19 February 2014, the Minister of Local Government and Rural Development officially opened the District Refrigerated Room developed with support from UNDP/UNCDF under the Local Governance and Economic Development Joint-Programme (LGED-JP). This is the result of the new planning and budgeting systems introduced by UNDP/UNCDF: the Local Economic Development (LED) approach.