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