The April 2018 election in Sierra Leone resulted in a peaceful transfer of power from former President Ernest Bai Koroma to opposition leader, Julius Maada Bio, former military Head of State. The elections are an important sign of progress since the end of the civil war in January 2002, which devastated most of the country’s infrastructure, killed more than 50,000 Sierra Leoneans, and drove over two million refugees into neighboring countries.
The new government, which committed to promote national unity, cohesion and disciplined leadership, faces the challenging task of rebuilding the impoverished West African nation’s economy which has been dragged down by the world’s deadliest Ebola epidemic and a global slump in commodity prices. Other challenges remain, including tackling corruption, proper natural resource management, access to basic social services, youth unemployment, addressing countrywide inequality and fiscal policy, and implementing decentralized governance with a focus on border regions.
PBF Investments in Sierra Leone:
Total allocation: $57.3 million invested since 2007
Current portfolio: $5.8 million
- Peaceful dialogue
Partners: UNDPA, OHCHR, UNDP, UNESCO, UNWOMEN, UNDP, IOM, UNFPA, UNICEF, UNOPS