Signature of a loan agreement between BADEA and Sierra Leone

The Arab Bank for Economic Development in Africa – (BADEA) and the Republic of Sierra Leone had signed a US $ 20 million loan agreement to help finance Education Sector Project.

The project aims generally at contributing to the achievement of the objective number “4” of the Sustainable Development Goals (SDGs) on ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all. The project also aims to contribute to the implementation of the strategic plan of the Education Sector (2018-2020) to improve free and comprehensive basic education to ensure that students in underserved areas have access to these schools, and to promote higher and technical education in the different regions of the country which suffer from the low level of services and their low distribution.

Including this new loan, the total commitments of BADEA to the Republic of Sierra Leone will amount to around US $ 110 million to finance 27 development projects.

Original source: BADEA
Published on 21 November 2019