By Emma Black

At the fourth international conference on financing for development (FFD4) in Sevilla, Spain, Sierra Leone’s vice president, Dr. Mohamed Juldeh Jalloh, delivered a powerful call to action for redefining development financing in Africa, representing president Julius Maada Bio at a high-level panel hosted by Global citizen Now, Dr. Jalloh joined global leaders to tackle the escalating financial challenges facing the Global South.

Dr. Jalloh emphasized that official development assistance (ODA) is no longer sufficient to address Africa’s growing developmental demands, reflecting on Sierra Leone’s journey, he advocated for African nations to bolster domestic financial frameworks, strengthen regulatory systems, and establish transparent governance structures to attract substantial private sector investment.

For Sierra Leone, this approach marks a pivotal shift toward self-reliance, by prioritizing robust policies and institutional reforms, the country aims to unlock foreign direct investment, foster infrastructure partnerships, and drive job creation in critical sectors such as energy, agriculture, and technology.

Dr. Jalloh’s vision extends beyond Sierra Leone, offering a blueprint for Africa’s economic transformation, by reducing dependence on aid and fostering integration with global markets through credible financial systems and investor trust, African nations can achieve sustainable growth, his perspective gained notable support from Gates Foundation CEO Mark Suzman, reflecting a broader agreement that private capital, unlocked through strategic reforms, is key to Africa’s economic future.

Dr. Jalloh’s leadership at FFD4 positions Sierra Leone as a forward-thinking advocate for innovative financing solutions, providing a practical and inspiring roadmap for Africa’s prosperity.

Copyright –Published in Expo Times News on Wednesday, 2nd July, 2025 (ExpoTimes News – Expo Media Group (expomediasl.com)