FREETOWN, July 7 (Xinhua) -- The World Bank has in a press release issued Friday announced a 30 million U.S. dollars support to Sierra Leone.
According to the release, the amount is a budget support credit to the government of Sierra Leone, meant to improve the agriculture, energy and educational support to the country.
In a telephone interview with the World Bank Country Manager for Sierra Leone, Parminder Brar said that the funding consists of a 22 million dollars loan to be paid back over the next 38 years and an 8 million dollars grant.
The budget support program aims at reversing the post-Eola economic trends and a 3-percent increase in poverty in 2015.
Brar outlined the specific programs the amount will cover over the next year. He said the budget plan will help to "expand agricultural production and at the same time support private sector seed production and dispersal to increase crop yeilds among others." He hopes it will also promote the use of high-quality fertilizers from the private sector and move forward with land policy implementation.
"The funding will support critical reforms in productive sectors and in governance to promote sustainable and inclusive growth and build economic resilience," he said.
