As part of a World Bank project, FINANCE FOR IMPACT’s Managing Director, Thierry Senechal, will advise Sierra Leone's Government on preparing its climate finance strategy for 2025-2030 and creating a blueprint for a national climate fund.
Sierra Leone faces significant climate challenges, including rising temperatures, irregular rainfall, and flooding, which disrupt agriculture and threaten food security. Sea level rise and coastal erosion jeopardize coastal communities and ecosystems. Deforestation exacerbates climate impacts and reduces biodiversity. Water scarcity affects urban and rural areas, leading to sanitation and health issues. The economy is vulnerable as critical sectors like agriculture and fisheries are climate-sensitive.
Addressing these issues requires resilient infrastructure, sustainable practices, reforestation, and enhanced community adaptation efforts. Between 2020 and 2030, Sierra Leone is expected to face an estimated annual USD180 million financing gap in implementing its climate change mitigation and adaptation targets. The climate finance strategy will help Sierra Leone (i) establish the current volumes of climate finance needs, (ii) propose a plan of action for priority sectors, and (iii) identify the most suitable financing instruments to be mobilized and the partners to be associated with the strategy.
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FINANCE FOR IMPACT is a sustainable finance advisory firm. It guides organizations to deliver on their sustainability commitments.