Sierra Leone: IFC funding a boost for electricity, confidence, creditworthiness
- October 12, 2018
- - 12:47 pm
Summary The signing of a $40 million credit facility with the International Finance Corporation is the Sierra Leone government’s first notable investment commitment since Julius Maado Bio was elected president in March. The IFC commitment will fund a significant expansion to the country’s installed electricity capacity, and equally importantly, boost political confidence and investor creditworthiness of the Bio administration. Analysis Sierra Leone’s minister of finance signed October 11 a $40 million credit facility with the World Bank’s International Finance Corporation (IFC) to construct a 50 megawatt solar power plant. The credit agreement signals a boost in economic confidence that the …
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