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The World Bank Group in collaboration with the Government of Sierra Leone organized a technical roundtable in Kenema. This is the third roundtable sponsored by IFC that brings together key public and private sector stakeholders, along with relevant donor organizations, to discuss improvements to the Cocoa 2019 National Policy, increase transparency and efficiency and ensure sustainable practices in the value chain.
The roundtable themed “Making Sierra Leone’s Cocoa Sector Investible and Sustainable: Towards a New Actionable Policy” presented a sector analysis and participants worked on a set of 15 key policy recommendations to prioritize in the short-medium term.
The cocoa sector represents an estimated 3.5 percent of Sierra Leone’s total export revenues and is a significant contributor to the economy aside the mining sector. Recognizing its significant potential for socioeconomic growth, the government has prioritized the cocoa sector as one of the vital areas for the Feed Salone Initiative.
The event served as an opportunity for stakeholders to engage and contribute to the future of Sierra Leone’s cocoa sector.
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
