Posted by: APO | 3 October 2013

Sierra Leone receives support for green growth with new AfDB report


Sierra Leone receives support for green growth with new AfDB report

Report explores challenges and opportunities of growth in a fragile state

TUNIS, Tunisia, October 3, 2013/African Press Organization (APO)/ In response to a request for technical support from the Government of Sierra Leone, the African Development Bank (AfDB) (http://www.afdb.org) launched a comprehensive report outlining the key challenges and major opportunities for mainstreaming inclusive green growth into Sierra Leone’s 2013-2018 Poverty Reduction Strategy Paper, known as the Agenda for Prosperity.

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Sierra Leone: Transitioning Towards Green Growth; Stocktaking and the Way Forward, finds that there are three main advantages for Sierra Leone as it moves towards an inclusive green growth path: ensuring quality growth; an improved international reputation; and an economy that is more efficient and competitive, generating employment opportunities while attracting additional development financing, including from the private sector.

“The Government of Sierra Leone and the AfDB share the belief that green growth can bring high-quality growth to all Sierra Leoneans, with more jobs, less pollution, greater resilience and better infrastructure,” said Sierra Leone’s Minister of Finance and Economic Development, Kaifella Marah, and the Director of the AfDB’s Energy, Environment and Climate Change Department, Hela Cheikhrouhou, in the report’s foreword. “[Green growth] can play a role in improving Sierra Leone’s image, as it completes its transition to a post-conflict country committed to transparent governance and high-quality, sustainable growth,” they wrote.

Transitioning Towards Green Growth outlines key principles of green growth and explores the main development opportunities and challenges for engaging in green growth in Sierra Leone. The authors also make a number of suggestions for further integrating green growth in the country’s development strategy. At the same time, the report cautions that there are specific conditions for the successful implementation of green growth, including political leadership, adequate policies and incentives, development partner support and communications.

Transitioning Towards Green Growth was produced through literature review, technical analysis and extensive consultations with national authorities, development partners, private-sector representatives, and non-governmental organizations and benefited from inputs from AfDB managers and sector experts. A knowledge product, it is part of the work undertaken by the AfDB in the context of its 2013-2022 strategy, whose twin objectives are “inclusive and increasingly green growth”. Kurt Lonsway, AfDB Manager in charge of Environment and Climate Change, confirms: “the transition towards a greener economy is even more critical in African countries for which strong growth relies on efficient natural resources management and climate-resilience.”

Indeed, the Bank will continue to support Sierra Leone in implementing its green growth vision, in a pragmatic manner, through the new Bank’s Country Strategy Paper for 2013-2017. “Our concept of environmentally sound growth is neither prescriptive nor dogmatic. In the case of Sierra Leone, both parties agreed to work together to define what green growth means for a fragile state in Africa, realistically and in alignment with the development stage of the country,” explained AfDB Sierra Leone Resident Representative, Yero Baldeh.

Sierra Leone authorities have mainstreamed green growth into the country’s development strategy, which they define as “developing infrastructure, energy, and cities sustainably, managing renewable and non-renewable natural resources efficiently, and building resilience for the benefit of its citizens.” The country is endowed with abundant natural resources – including fertile land, fisheries, abundant water, forests, minerals, oil and gas – all of which form the basis for a rich and diverse economy. Properly managed, these endowments will provide a lasting supply of food while contributing to export revenues and financing for social and infrastructure development.

To read the report, click here (http://bit.ly/1g6sfoS)

Distributed by the African Press Organization on behalf of the African Development Bank (AfDB).

Contacts:

Media: Penelope Pontet de Fouquieres, Knowledge Management and Communications, T. +216 71 10 19 96 / M. +216 24         66 36 96 / p.pontetdefouquieres@afdb.org

Technical contact: Florence Richard, Senior Climate Change Specialist, T. +216 71 10 15 37 / M. + 216 27 98 19 28 / f.quintanilha@afdb.org

To get more information about green growth, click here (http://bit.ly/10hYG9U)

About the African Development Bank Group

The African Development Bank Group (AfDB) (http://www.afdb.org) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states.

For more information: j.mp/AFDB_Media

SOURCE

African Development Bank (AfDB)


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