As Sierra Leone pushes towards SDG achievement, it is crucial to leverage domestic sources of development finance, but the fiscal space is severely constrained. Sierra Leone’s DFA, completed in 2019, identified revenue collection as a challenge that limits the government’s ability to invest in Sierra Leone’s 2019 Medium-Term National Development Plan, which is anchored in the SDGs.
To address this, an INFF will be developed and implemented with an underlying approach to tap into core revenue sectors. The INFF will focus on transforming the way the government manages and mobilises development financing and engages with key actors in the economy – private, public, domestic and international – for financing the SDGs.
The INFF is designed to realise two key activities: 1) enhanced government revenue collection; and 2) increased domestic capital accumulation with expanded financial inclusion. It will focus on removing policy, institutional, and access barriers, while facilitating strong governance and coordination mechanisms among government, private sector, and civil society actors. Aligned with these goals, the INFF will support improvement in tax administration through better and gender-aware service provision, taxpayer education, effective use of automated systems and strengthened audit and human resource management capabilities.
For more details, visit the Joint SDG Fund website.