Africa

Sierra Leone


SDG Finance - Component 1

Strengthening Domestic Resources Mobilisation for SDGs Financing in Sierra Leone

Sustainable Development Goals
Total funding allocated
SDG Finance - Component 1
US $ 930000
Co-funding by UN agencies
SDG Finance - Component 1
US $ 424000
#IntegratedFinancing
#FinancialInclusion
#EnhanceGovtRevenue
#IncreaseCapitalAccumulation
#GenderAwareServices
#CapableHR
#TaxpayerEdu

Brief Description

As Sierra Leone pushes towards SDG achievement, it is crucial to leverage domestic sources of development finance, but the fiscal space is severely constrained. Low volume of revenue collection limits available government resources to invest in Sierra Leone’s 2019 Medium-Term National Development Plan, which is anchored in the SDGs. To contribute for addressing this, an Integrated National Financing Framework will be built with an underlying approach to tap into core revenue sectors by transforming the way the government does things, better managing development interventions, and engaging key actors in the economy – private, public, domestic and international – for financing the SDGs.

Approach

The Joint Programme is designed to realize two key activities: 1) enhanced government revenue collection, and 2) increased domestic capital accumulation with expanded financial inclusion. It will focus on removing policy, institutional, and access barriers, while facilitating strong governance and coordination mechanisms among government, private sector, and civil society actors. To achieve that, the programme will support improvement in tax administration through better and gender-aware service provision, taxpayer education, effective use of automated systems and strengthening audit and human resource management capabilities.

Quick facts

Total budget:
US $1,354,000

UN Agencies:

UNDP, UNCDF


National Partners:

Ministry of Planning and Economic Development


Duration:
Sep 2020 - Aug 2022

Financial Information