Economic Rehabilitation and Recovery Loan-II

Project Summary

Approval Date 10 Dec 2003
Signature Date 21 Jan 2004
Planned Completion Date 30 Dec 2007
Last Disbursement Planned Date 31 Dec 2007
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 17,266,739.19
Status Completion

Project General Description

The ADF to-date has approved four balance of payments operations in support of Sierra Leone’s structural adjustment reform process. The total amounts approved in support of structural reforms constitute 25.7% of the net cumulative amounts approved to-date. The main objective of the first Structural Adjustment Loan (SAL) of UA 18.421 million, approved in October 1992, was to create macroeconomic stability, accelerate economic growth and combat poverty. The serious escalation in insecurity in the 1990s, however, made it difficult for the Government to effectively implement the reform program.

Project Objectives

The objective of the second structural adjustment operation, the Economic Rehabilitation and Recovery Loan (ERRL) in the amount of UA 10.0 million was approved by the Board on 13 June 2001. The main focus of the ERRL was to address the immediate post-war needs of accelerating economic growth, implementing structural reforms, including governance reforms and improving basic social services. The ERRL was designed to supplement the IMF’s Emergency Post Conflict Assistance and the World Bank’s Economic Rehabilitation and Recovery Credit. The ERRL was implemented as planned in a period of eighteen months, and was fully disbursed by June 2001 .

Participating Organization

African Development Fund
Government Of Sierra Leone


IATI identifier 46002-P-SL-KA0-005
Last Update 24 Mar 2023


Contact Details


Geographic Location

Country Sierra Leone
Coordinates Location Name
8.45774 -13.23714 Freetown