23.8 C
Sierra Leone
Monday, August 15, 2022

Bio Attends High-level Heads of State Summit in Dakar

HomeNewsPoliticsBio Attends High-level Heads of State Summit in Dakar

Bio Attends High-level Heads of State Summit in Dakar

Date:

Related stories

MPs Debate Amendment of Salone Constitution

By Parliamentary and Public Relations Department The Parliament of Sierra...

3 Arrested with Ammunition at Tokeh Checkpoint

At about midday on Saturday 13th August, 2022, personnel...

CGTN poll: 78.34% of people believe China vitalized world economy

Credit: China Global Television Network More than 78 percent of...

ZHAO QIAN: Why China reacts strongly to Pelosi’s trip to Taiwan

Credit: The STAR Credit: ZHAO QIAN (Correspondent of China...

President Julius Maada Bio is attending a one-day High-level Heads of State Summit in Dakar on World Bank/International Development Association 2022 Launch of $93.0 billion raised for 76 low income countries including Sierra Leone.

In December last year, IDA Deputies and Borrowers mobilized $93.0 billion for financing projects and programs for the 76 low-income countries for the period July 2022 to June 30 2025. The resources are allocated based on a country’s Policy and Institutional Assessment (CPIA) rating of reforms and Projects and Program performance as dedicated by annual disbursement.

Sierra Leone’s 2021 CPIA rating has increased from 3.1 to 3.2/6, which is above Sub Saharan Africa average of 3.1/6 and our project performance has also increased, for the first time, beyond annual disbursement target of 20% of the portfolio.

The objective of the High-level Summit is to “leverage the powerful voice of African countries as ‘IDA Champions’ in the implementation of IDA20. Heads of State will adopt an outcome document (the “Dakar Declaration”) underscoring their commitment to a robust recovery for Africa and identify a few transformational initiatives that would allow Africa to ‘leap forward’ with dedicated support from IDA”.

The High-level Summit is jointly hosted by the President of Senegal, H.E President Macky Sall and the World Bank.

Latest stories

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once