Second Government Reform & Growth Credit

Abstract*

The Second Governance Reform and Growth Credit (GRGC-2) Project will be the second in a programmatic series in support of Sierra Leone's transition from post-conflict recovery to sustainable development. The operation supports reform measures to: (i) preserve the fiscal space needed for poverty reduction; (ii) promote efficiency, transparency and accountability in the use of public resources through enhanced public financial management and governance;... Show More

Development Objective

The proposed credit is the second in a series of development policy operations in support of Sierra Leone#s transition from post-conflict recovery to sustainable development in the context of its Poverty Reduction Strategy (PRS). The operation includes reform measures in support of the following development objectives: (i) preserve the fiscal space needed for poverty reduction; (ii) promote efficiency, transparency and accountability in the use of public resources through enhanced public financial management and governance; and (iii) improve the investment climate and promote exports.

Key Details

Project Details

Project ID
P102040
Status
Closed
Team Leader
Douglas M. Addison
Borrower 2
N/A

Country
Sierra Leone
Disclosure Date
August 21, 2008
Approval Date
(as of board presentation)
October 7, 2008
Effective Date
December 11, 2008

Total Project Cost 1
US$ 10.00 million
Implementing Agency
N/A
Region
Western and Central Africa
Fiscal Year 3
2009

Commitment Amount
US$ 10.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2009

Last Stage Reached
BANK APPROVED
Parent Projects
P095575
Last Update Date
July 12, 2022

Associated Projects
P107335

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Private Sector Development

FY17 - Business Enabling Environment16%
- FY17 - Regulation and Competition Policy16%
FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration68%
- FY17 - Administrative and Civil Service Reform17%
- FY17 - Municipal Institution Building17%
- FY17 - Transparency, Accountability and Good Governance34%
FY17 - Public Finance Management17%
- FY17 - Public Expenditure Management17%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	10.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	10.00
IBRD + IDA Commitment	10.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	10.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Feb 15, 2022	IDA-45200	Int Charges	6,329.82
Feb 15, 2022	IDA-45200	Loan Repay	1,507.28
Feb 15, 2022	IDA-45200	Loan Repay	88,146.48
Feb 15, 2022	IDA-45200	Int Charges	3.73
Feb 15, 2022	IDA-45200	Int Charges	3.73
Feb 15, 2022	IDA-45200	Int Charges	24,900.93
Feb 15, 2022	IDA-45200	Int Charges	24,900.93
Aug 30, 2022	IDA-45200	Int Charges	346.53
Aug 30, 2022	IDA-45200	Int Charges	346.53
Aug 30, 2022	IDA-45200	Loan Repay	83,469.44
Aug 30, 2022	IDA-45200	Int Charges	29,109.97
Aug 30, 2022	IDA-45200	Int Charges	29,109.97
Feb 17, 2023	IDA-45200	Int Charges	26.62
Feb 17, 2023	IDA-45200	Int Charges	26.62
Feb 17, 2023	IDA-45200	Int Charges	29,362.60
Feb 17, 2023	IDA-45200	Int Charges	29,362.60
Feb 15, 2023	IDA-45200	Loan Repay	2,390.63
Feb 17, 2023	IDA-45200	Loan Repay	82,802.90
Aug 16, 2023	IDA-45200	Int Charges	3.45
Aug 16, 2023	IDA-45200	Int Charges	3.45
Aug 16, 2023	IDA-45200	Int Charges	29,085.20
Aug 16, 2023	IDA-45200	Int Charges	29,085.20
Aug 16, 2023	IDA-45200	Int Charges	25.24
Aug 16, 2023	IDA-45200	Int Charges	25.24
Aug 16, 2023	IDA-45200	Loan Repay	85,231.36
Aug 15, 2024	IDA-45200	Int Charges	26,802.74
Aug 15, 2024	IDA-45200	Loan Repay	84,880.16
Aug 15, 2024	IDA-45200	Int Charges	53.38
Aug 15, 2024	IDA-45200	Int Charges	53.38
Aug 15, 2024	IDA-45200	Int Charges	26,802.74
Aug 15, 2024	IDA-45200	Loan Repay	788.32
Mar 15, 2024	IDA-45200	Int Charges	1.77
Mar 15, 2024	IDA-45200	Int Charges	1.77
Mar 15, 2024	IDA-45200	Int Charges	28,762.56
Mar 15, 2024	IDA-45200	Int Charges	28,762.56
Mar 15, 2024	IDA-45200	Loan Repay	84,972.62
Feb 15, 2024	IDA-45200	Loan Repay	248.13
Oct 7, 2008	IDA-45200	Loan Commitment	10,000,000.00
Aug 16, 2019	IDA-45200	Int Charges	659.87
Aug 15, 2019	IDA-45200	Loan Repay	0.01
Aug 15, 2019	IDA-45200	Int Charges	-0.01
Aug 15, 2019	IDA-45200	Int Charges	-0.01
Aug 16, 2019	IDA-45200	Loan Repay	87,785.59
Aug 16, 2019	IDA-45200	Int Charges	32,590.40
Aug 16, 2019	IDA-45200	Int Charges	32,590.40
Aug 16, 2019	IDA-45200	Int Charges	659.87
Feb 20, 2020	IDA-45200	Int Charges	32,025.30
Feb 20, 2020	IDA-45200	Int Charges	32,025.30
Feb 15, 2020	IDA-45200	Loan Repay	1,030.66
Feb 20, 2020	IDA-45200	Loan Repay	86,117.45
Feb 20, 2020	IDA-45200	Int Charges	1.82
Feb 20, 2020	IDA-45200	Int Charges	1.82
Aug 15, 2020	IDA-45200	Loan Repay	88,257.34
Aug 15, 2020	IDA-45200	Int Charges	9.29
Aug 15, 2020	IDA-45200	Int Charges	9.29
Aug 15, 2020	IDA-45200	Loan Repay	1,962.18
Aug 15, 2020	IDA-45200	Int Charges	30,169.94
Aug 15, 2020	IDA-45200	Int Charges	30,169.94
Feb 24, 2021	IDA-45200	Int Charges	2,713.19
Feb 24, 2021	IDA-45200	Int Charges	2,713.19
Feb 24, 2021	IDA-45200	Loan Repay	92,461.44
Feb 24, 2021	IDA-45200	Int Charges	32,687.71
Feb 24, 2021	IDA-45200	Int Charges	32,687.71
Aug 17, 2021	IDA-45200	Int Charges	32,419.09
Aug 17, 2021	IDA-45200	Int Charges	588.96
Aug 17, 2021	IDA-45200	Int Charges	588.96
Aug 17, 2021	IDA-45200	Loan Repay	91,000.96
Aug 17, 2021	IDA-45200	Int Charges	17.06
Aug 17, 2021	IDA-45200	Int Charges	17.06
Aug 17, 2021	IDA-45200	Int Charges	32,419.09
Feb 15, 2022	IDA-45200	Int Charges	6,329.82
Feb 15, 2016	IDA-45200	Int Charges	33,433.68
Feb 15, 2016	IDA-45200	Int Charges	18.23
Feb 15, 2016	IDA-45200	Int Charges	18.23
Aug 15, 2016	IDA-45200	Int Charges	285.67
Aug 15, 2016	IDA-45200	Int Charges	285.67
Aug 15, 2016	IDA-45200	Int Charges	33,493.68
Aug 15, 2016	IDA-45200	Int Charges	33,493.68
Feb 15, 2017	IDA-45200	Int Charges	31,897.17
Feb 15, 2017	IDA-45200	Int Charges	31,897.17
Feb 15, 2017	IDA-45200	Int Charges	257.54
Feb 15, 2017	IDA-45200	Int Charges	257.54
Aug 15, 2017	IDA-45200	Int Charges	31,453.79
Aug 15, 2017	IDA-45200	Int Charges	31,453.79
Aug 15, 2017	IDA-45200	Int Charges	253.48
Aug 15, 2017	IDA-45200	Int Charges	253.48
Aug 15, 2017	IDA-45200	Int Charges	1,714.49
Aug 15, 2017	IDA-45200	Int Charges	1,714.49
Feb 15, 2018	IDA-45200	Int Charges	630.50
Feb 15, 2018	IDA-45200	Int Charges	630.50
Feb 15, 2018	IDA-45200	Int Charges	33,918.20
Feb 15, 2018	IDA-45200	Int Charges	33,918.20
Aug 16, 2018	IDA-45200	Int Charges	1,033.78
Aug 16, 2018	IDA-45200	Int Charges	1,033.78
Aug 16, 2018	IDA-45200	Int Charges	33,262.80
Aug 16, 2018	IDA-45200	Int Charges	33,262.80
Feb 15, 2019	IDA-45200	Loan Repay	88,119.37
Feb 15, 2019	IDA-45200	Int Charges	32,610.63
Feb 15, 2019	IDA-45200	Int Charges	32,610.63
Feb 15, 2019	IDA-45200	Loan Repay	621.11
Aug 15, 2013	IDA-45200	Int Charges	251.98
Aug 15, 2013	IDA-45200	Int Charges	251.98
Aug 15, 2013	IDA-45200	Int Charges	36,183.62
Aug 15, 2013	IDA-45200	Int Charges	36,183.62
Feb 15, 2014	IDA-45200	Int Charges	150.47
Feb 15, 2014	IDA-45200	Int Charges	150.47
Feb 15, 2014	IDA-45200	Int Charges	36,758.40
Feb 15, 2014	IDA-45200	Int Charges	36,758.40
Aug 15, 2014	IDA-45200	Int Charges	36,697.20
Aug 15, 2014	IDA-45200	Int Charges	36,697.20
Feb 15, 2015	IDA-45200	Int Charges	252.30
Feb 15, 2015	IDA-45200	Int Charges	252.30
Feb 15, 2015	IDA-45200	Int Charges	33,719.70
Feb 15, 2015	IDA-45200	Int Charges	33,719.70
Aug 15, 2014	IDA-45200	Int Charges	148.30
Aug 15, 2014	IDA-45200	Int Charges	148.30
Aug 15, 2015	IDA-45200	Int Charges	32,585.99
Aug 15, 2015	IDA-45200	Int Charges	32,585.99
Aug 15, 2015	IDA-45200	Int Charges	1,101.37
Aug 15, 2015	IDA-45200	Int Charges	1,101.37
Feb 15, 2016	IDA-45200	Int Charges	33,433.68

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2012-02-10
Progress towards achievement of PDO	Satisfactory	2012-02-10
Monitoring and Evaluation	Satisfactory	2012-02-10
Overall Implementation Progress (IP)	Satisfactory	2012-02-10

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 02-21-2012
Outcomes	Substantial
Risk to Development Outcome	Substantial
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 07-16-2012	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	High	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

IFMIS to be installed in MDAs Value 1 8 7
Date December 31, 2005 December 31, 2008 December 31, 2008
Comment

The difference between the ratio of actual to budgeted spending on HIPC/PRSP priorities and the ratio of actual to budgeted expenditures for all other discretionary primary expenditures.	Value	-26%	+3	>=0
	Date	December 31, 2006	December 31, 2008	December 31, 2008
	Comment

Number of HIPC PFM benchmarks met using HIPC AAP scoring. Note: This indicator not well designed. HIPC AAP has been replaced by PEFA.	Value	In 2004, Sierra Leone met 7 HIPC AAP benchmarks.	By mid-2007, Sierra Leone obtained a total score o	>7 HIPCC AAP Benchmarks
	Date	December 31, 2004	June 30, 2007	December 31, 2008
	Comment

Percentage of funds that are expended for the purposes in the approved plans. Note: This indicator exceeded authorities capacity tomonitor.	Value	n.a	n.a	>=65%
	Date	December 31, 2005	December 31, 2008	December 31, 2008
	Comment

Percentage of procurements that use the methodology in approved plans. Value 59% Data are pending completion of MDBS review in June >=65%
Date December 31, 2006 December 31, 2008 December 31, 2008
Comment

Percentage of procurements that are no more than 15% higher than amounts in approved plans. Note: This indicator exceeded authorities capacity to monitor.	Value	n.a	n.a	>=50%
	Date	December 31, 2005	December 31, 2008	December 31, 2008
	Comment

Number of public entities producing procurement plans for MOF approval. Value 0 23 23
Date December 31, 2004 December 31, 2008 December 31, 2008
Comment
Share of total procurement above the national small purchase threshold that was conducted through open competition. Value 10% 29% 30%
Date December 31, 2004 December 31, 2007 December 31, 2008
Comment
Number of qualified staff in AGD. Value 0 n/a 15
Date December 31, 2004 December 31, 2007 December 31, 2008
Comment

Reduction in the backlog of public accounts, measured by latest available accounts.	Value	Accounts through 2001 available	Accounts through 2007 available	Accounts through 2006 available
	Date	December 31, 2005	December 31, 2008	December 31, 2008
	Comment

Increased number of human resource specialists working in ministries. Value 0 n/a 6
Date December 31, 2005 December 31, 2008 December 31, 2008
Comment
Cumulative release of funds designated for local councils at years end. Value 62% 75% 98%
Date December 31, 2005 December 31, 2008 December 31, 2008
Comment

Budgetary funds actually transferred to local councils, expressed as a share of total discretionary non-salary, non-interest recurrent spending.	Value	6.2%	12.1%	15.8%
	Date	December 31, 2005	December 31, 2008	December 31, 2008
	Comment

Percentage growth in number of new firms registered annually. Value 41% (Post conflict bounce-back) 14% >5% annually
Date December 31, 2005 June 30, 2008 December 31, 2008
Comment
Exports, Rutile (000 mt) Note: target introduced under GRGC-2. Value 0 86.5 ('000 MT) >70 ('000 MT) annually
Date December 31, 2005 December 31, 2007 December 31, 2008
Comment
Exports, Bauxite (000 mt) Note: target introduced under GRGC-2. Value 0 1,154 ('000 MT) 1,000 ('000 MT) annually
Date December 31, 2005 December 31, 2007 December 31, 2008
Comment

IFMIS to be installed in MDAs	Value	1	8	7
	Date	December 31, 2005	December 31, 2008	December 31, 2008
	Comment

Percentage of procurements that use the methodology in approved plans.	Value	59%	Data are pending completion of MDBS review in June	>=65%
	Date	December 31, 2006	December 31, 2008	December 31, 2008
	Comment

Number of qualified staff in AGD.	Value	0	n/a	15
	Date	December 31, 2004	December 31, 2007	December 31, 2008
	Comment

Percentage growth in number of new firms registered annually.	Value	41% (Post conflict bounce-back)	14%	>5% annually
	Date	December 31, 2005	June 30, 2008	December 31, 2008
	Comment

Exports, Rutile (000 mt) Note: target introduced under GRGC-2.	Value	0	86.5 ('000 MT)	>70 ('000 MT) annually
	Date	December 31, 2005	December 31, 2007	December 31, 2008
	Comment

Exports, Bauxite (000 mt) Note: target introduced under GRGC-2.	Value	0	1,154 ('000 MT)	1,000 ('000 MT) annually
	Date	December 31, 2005	December 31, 2007	December 31, 2008
	Comment