22.7 C
Sierra Leone
Monday, April 22, 2024

$64.12M budget support for Salone

HomeAYV News$64.12M budget support for Salone

$64.12M budget support for Salone

Date:

Related stories

Africell presents NLe300 Cash Prize to Win Kopo Winner

Africell Sierra Leone continues to demonstrate its commitment to...

Minister Tim Kabba hosts Regional Conference on Autonomous Weapons

ECOWAS Foreign Ministers, Security Experts and Artificial Intelligence Specialists...

Amb. Navo to serve as Guest Speaker at POW School Thanksgiving

The renowned Chief Executive Officer (CEO) of Africa Young...

AYV Holds 2-Day ‘Strategic Planning Staff’ Seminar

Chief Executive Officer (CEO) of the Africa Young Voices...

The press release that was signed by Dr. Patrick S. Conteh, Minister of State Ministry of Finance And Economic Development states that the sum of USD 34.12 Million is from the International Monetary Fund (IMF) following the approval of the Fifth Review of Sierra Leone’s Performance under the Extended Credit Facility Arrangement on July 1, 2016 and funds disbursed on July 11, 2016, and also the sum of USD 30 Million as Capital Gains Tax following the conclusion of the sale of Airtel Sierra Leone to Orange Group.

The release also furthered that other expected disbursements include 23 Million Euros from the European Commission and USD 20 Million from the World Bank during the course of the years. It states that these amounts will be made available to the private sector through the weekly Foreign Exchange Auction at the Bank of Sierra Leone.

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