Africa-Press – Sierra-Leone. The Government of Sierra Leone has officially welcomed the United States Government’s approval of a $480 million Millennium Challenge Corporation (MCC) Compact, a landmark investment aimed at transforming the country’s energy sector and deepening U.S.-Sierra Leone economic relations.
The formal endorsement follows a comprehensive review of U.S. foreign assistance programs and affirms Sierra Leone’s standing as a reliable partner in advancing mutual economic and trade interests. The Compact, signed in September 2024, represents one of the largest single investments by the U.S. in Sierra Leone’s infrastructure to date.
Focused on modernizing energy infrastructure, the Compact is set to expand the national power grid, improve electricity distribution, and strengthen institutions responsible for managing the energy sector. To demonstrate its commitment, the Government of Sierra Leone will contribute an additional $14.2 million to the implementation of the program.
Sierra Leone is one of only 12 countries globally and just 5 in Africa to advance from a pool of 25 eligible nations. This selection highlights growing international confidence in the country’s governance, reform trajectory, and capacity to deliver tangible development results.
Access to reliable, affordable electricity has long been identified as a major barrier to private sector growth in Sierra Leone. The MCC Compact is expected to address this challenge, unlocking new investment opportunities for U.S. and international businesses, stimulating job creation, and laying the groundwork for long-term economic cooperation between the two nations.
This major development comes amid strengthening U.S.-Sierra Leone bilateral ties, with the Compact seen as a catalyst for broader trade and investment partnerships. It also underscores global recognition of Sierra Leone’s ongoing economic reforms and efforts to create a more investor-friendly climate.
President Julius Maada Bio’s leadership has been credited as instrumental in securing the Compact. His administration’s focus on infrastructure development, sound economic management, and strategic global alliances continues to elevate Sierra Leone’s profile as a credible and forward-looking partner on the world stage.
The Government of Sierra Leone now looks forward to the implementation phase of the Compact and to further enhancing its commercial and investment relationships with the United States.
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