22.4 C
Sierra Leone
Friday, May 3, 2024

$64.12M budget support for Salone

HomeAYV News$64.12M budget support for Salone

$64.12M budget support for Salone

Date:

Related stories

Sierra Leone’s Ambassador to Morocco engages Students

Sierra Leone’s Ambassador to the Kingdom of Morocco, His...

Sierra Leonean Make-up Artist starts Guinness World Record

Sierra Leonean make-up artist Mary Yei Yongai is about...

Land Grabbing threatens Guma Dam Embankment

Less than two weeks after the Board of Directors...

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