National Policy Framework for Microfinance
Banyan Global was contracted by the World Bank to undertake a field assessment of existing providers of financial services in Sierra Leone. The study resulted in specific policy and operational recommendations to the government and donors on their potential involvement in the delivery of financial services to low income people. In addition, the study also examined the legal framework in place and made recommendations about needed policy clarifications and reforms. The overall sector study and policy paper Banyan Global conducted was formally presented to the financial intermediaries and government officials at a workshop co-sponsored by the World Bank and the Government of Sierra Leone and co-hosted by Banyan Global. Through this workshop and subsequent negotiation processes, the relevant government agencies and financial service institutions were able to formulate a separate government strategy to support the delivery of financial services to low-income people in Sierra Leone.