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.
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.
To strengthen the battle against Ebola, the United Nations Development Programme (UNDP) is working with the authorities in Guinea, Liberia and Sierra Leone to coordinate payments for thousands of treatment centre staff, lab technicians, contacts tracers and burial teams.
“Success in the response, down to the district level, depends on these women and men who are risking their lives every day to fight the disease,” said Helen Clark, the Administrator of UNDP.
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.
On 2nd August 2013, two cabinet ministers were in Kenema (Eastern Region) to commission three socioeconomic infrastructures completed by Kenema City Council and Kenema District Council under the Local Government and Economic Development Joint Programme (LGED-JP) and the Gender Equitable Local Development (GELD) supported by UNDP and UNCDF.