UNCDF has been present in Sierra Leone since 1983, supporting local economic development initiatives and providing assistance to financial sector for financial inclusion.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
UNCDF is in partnership with Freetown City Council (FCC - the municipal government of the city of Freetown, the capital of Sierra Leone, established in 1893) to enable its access to market financing for its development plan “Transform Freetown”, thereby contributing to transforming the City of Freetown for the benefit of Freetown’s residents. UNCDF and FCC will partner through the Blue Peace Financing initiative set up within the framework of UNCDF partnership with the Swiss Agency for Development and Cooperation and Geneva Water Hub.
Through financial inclusion, UNCDF is implementing the West Africa Digital Financial Inclusion Programme for Fragile and Conflict Affected States (WA-DFIP-FCAS), which works with digital delivery of financial services unlocking productivity and investment, reducing poverty, empowering women, and helping build stronger institutions with less corruption—while providing a profitable, sustainable business opportunity for financial service providers.
UNCDF also provides resident technical assistance to the Central Bank, Bank of Sierra Leone to draft and launch the National Strategy for Financial Inclusion 2017 – 2020.