Brussels, Belgium, 6th November 2018
His Excellency President Julius Maada Bio has received a huge boost from the European Commission in Brussels with a pledge of 73 million euros to Sierra Leone following a successful meeting between President Bio and the European Commission President Jean-Claude Junker in Brussels.
The 73 million euros is part of three Financial Agreements signed between the European Commission and the Government of Sierra Leone to support Sierra Leone’s inclusive and sustainable socio-economic growth and strengthening of democratic governance. The three Financial Agreements which were signed on Tuesday 6th November 2018 covered State Building Contract, Support to Civil Society and Local Authorities for local development and Sierra Leone Component of the West Africa Competitiveness Programme.
Out of the 73 million euros, 45 million euros will be allocated to the State Building Contract which represents the second phase of the European Commission budgetary support to the Government of Sierra Leone; 23 million euros will be allocated to support Civil Society Organisations and local authorities to fund and implement development initiatives that respond to the priority needs of communities in a sustainable way and 5 million euros will be allocated to the Sierra Leone Component of the West Africa Competitiveness Programme to enhance the country’s integration into regional and international trading systems.