“Concerted efforts like these do not only have the potential to create jobs and reduce income inequality but can also help release the potential of the country in contributing significantly to the sustenance of economic growth.” Parminder Brar confirmed.
He stated that targeted flows of scarce grant and concessional resources can attract significant levels of private investment to Sierra Leone and that the conference will address risk-return concerns by aligning the public and private sectors around shared objectives.
He pointed out key sectors that are to be targeted during the implementation of the Private Sector Window, such as Agriculture, infrastructure, health, Education, affordable housing and climate change mitigation and adaption, among others.
Resident Representative, International Finance Corporation World Bank Group Frank Ajilore mentioned that work is underway to ensure that the Private Sector Window (PSW) is fully operational by July 1, 2017 adding that to achieve the PSW objectives, the World Bank Group has developed a Private Sector Window eligibility and prioritization criteria.
Frank Ajilore stated that the PSW will be deployed through four facilities and that it was a way of boosting the private sector industries in fragile state.