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Le50B to Soften COVID-19 Economic Stress

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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.

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