Africa Financial Sector Responses to COVID-19 - Sierra Leone

Jul 22, 2020

This page presents measures and initiatives by the government of Sierra Leone, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.

Disclaimer: This page contains information and links from third parties. These links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by MFW4A.

Instrument

Institution

Financing volume

Description

Monetary Policy

Central bank of Sierra Leone

 USD 51.3 million

(March 18, 2020) The Central Bank of Sierra Leone has implemented the following measures:
* Lowering the monetary policy rate by 150 basis points, from 16.5% to 15%;
* Creating a special credit facility to finance the production, procurement and distribution of essential goods and services;
* Supporting the private sector by providing foreign exchange resources for imports;
* Supporting the liquidity of the banking sector.


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