26.4 C
Sierra Leone
Saturday, March 28, 2020

Le50B to Soften COVID-19 Economic Stress

Must Read

Public Emergency in Sierra Leone: A Précis on the Key Features

By Michael Imran Kanu, SJD Author Introduction On the...

ONE on ONE with Prince C. Kamara

‘Drivers Are Vigilant to Prevent COVID-19’ -Says National Drivers’ Union President Alpha Amadu Bah,...

Parliament Ratifies State of Emergency

It took almost the whole of yesterday Thursday 26th March, 2020 for Members of Parliament from all sides of...

The Bank of Sierra Leone has announced a stimulus package in response to the economic impact of COVID-19 better known as Coronavirus.

In order to soften the potential impact of the COVID-19 pandemic on the country’s economy, the Bank of Sierra Leone has announced that it will be creating a Le50 billion (fifty million United States Dollars) special credit facility to finance the production, procurement and distribution of essential goods and services.

The Bank of Sierra Leone is also providing support to the private sector for the importation of essential commodities.

The country’s central bank is also providing liquidity support to the banking sector. This is according to a press release issued by the BSL.

Latest News

Public Emergency in Sierra Leone: A Précis on the Key Features

By Michael Imran Kanu, SJD Author Introduction On the...

ONE on ONE with Prince C. Kamara

‘Drivers Are Vigilant to Prevent COVID-19’ -Says National Drivers’ Union President Alpha Amadu Bah, National President for Motor Drivers...

Parliament Ratifies State of Emergency

It took almost the whole of yesterday Thursday 26th March, 2020 for Members of Parliament from all sides of the Well to debate and...

Maxwell Out; Kaitibie In as New NATCOM DG

Information Minister Mr. Daniel Kaitibie has been appointed by President Julius Maada Bio to the position of Director General of the National...

Prince Harding Appointed NCP Chairman

Dr. Prince Alex Harding aka Bullet, Chairman and Leader of Sierra Leone People’s Party (SLPP) has been appointed by President Julius Maada Bio to...
- Advertisement -

More News Like This