- The World Bank has approved a $40 million International Development Association (IDA) grant to Sierra Leone.
- The Grant will support better access to social safety nets and income generating opportunities for over 176,000 beneficiaries, including women, youth and persons with disabilities.
The World Bank has approved a $40 million International Development Association (IDA) grant to Sierra Leone. The Grant will support better access to social safety nets and income generating opportunities for over 176,000 beneficiaries, including women, youth and persons with disabilities.
The project- Productive Social Safety Nets and Youth Employment Project- will provide consumption support to rural extreme-poor households, introduce a package of economic inclusion services to help extreme-poor households rise above poverty, support youth engagement in rural and urban areas and empower urban youth through entrepreneurship grants and training. The Project will continue to endeavour to strengthen the delivery systems and institutional capacity for project management, implementation, and coordination for future implementation of programs to promote social protection and job creation in the country.
The impact of the Pandemic has worsened the poverty in Sierra Leone. The social safety net system has proved to be very effective in reaching out to the poorest families by providing Cash transfers to help poor families to get food, education and preventive health care for their children, thus contributing towards building the human capital. The IDA financing will further strengthen the existing Social Safety Net project, expand the coverage of the program and contribute toward improving the access of poor households to health and education services.
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The Sierra Leone population has a high proportion of uneducated, jobless youth, and youngsters with disabilities. The Productive Social Safety Nets and Youth Employment Project promises technical and financial support to the Government to advance the agenda of social protection and jobs in the country. Sierra Leone was one of the first to implement the World Bank-financed Emergency Cash Transfer (ECT) programme in response to the onset of COVID-19.
