Strengthening the Financial Sector

Strengthening the Financial Sector

In the New Direction, the overall objective of financial sector development will be consistent with the Financial Sector Development Plan 2009. It will entail developing a strong, sound and effective banking system that will increase access to both short-term and long-term capital for investment purposes. Efforts in the New Direction will focus on (i) Capacitating Bank of Sierra Leone; (ii) Strengthening Commercial Banks; (iii) Developing Micro-Finance Institutions; (iv) Re-establish Development Bank and link it with Community Banking; (v) Strengthen Non-Bank Financial Institutions