The government of Sierra Leone through the Ministry of Finance has signed a $30 million USD credit line loan with the Export-Import Bank of India (Exim Bank) for an irrigation development project. The signing took place at the State House Credential Room on Sunday 13 October 2019. Six agreements and Memorandum of Understandings (MoUs) were signed in the area of Cultural Exchange Program for 2019-2023. An agreement on the establishment of a joint commission, protocol for consultations between the Ministry of Foreign Affairs and International Cooperation and the Foreign Service Institute, Ministry of External Affairs, Memorandum of Understanding for the Telecommunication Consultants India Limited (TCIL) for participation in the e-VBAB Network Project (Technology up-gradation Pan Africa E-Network Project (PAeNP)-phase 1), and the $30 million USD credit line loan agreement for an irrigation development project. The Deputy Minister of Finance, Patricia Laverley, signed on behalf of the government of Sierra Leone whilst the General Manager, EXIM Bank of India Meena Verma, signed on behalf of the bank.
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The Minister of Information and Communication (MIC), Mohamed Rado Swaray, said the country is now being considered at the International level as serious in doing business. The Information Minister said these are standards towards ensuring genuine investors are protected thereby avoiding the case of engaging faceless people.
By Mohamed Kabba
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