The Ministry of Planning and Economic Development (MOPED), in partnership with the Irish League of Credit Union Foundation and the National Association of Cooperative Credit Union Associations, has launched a new initiative aimed at improving the financial wellbeing of Sierra Leone’s public sector workers.

A key meeting took place at the Miatta Conference Centre in Freetown to set up the Sierra Leone Civil Service Cooperative Credit Union (CiVSCCU).

The event brought together civil service leaders, financial experts, and international partners.

The Minister Madam Kenyeh Barlay  while speaking at the event, explained how the new Credit Union will give government workers the chance to save, learn more about managing money, and explore investment opportunities.

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“This will help our civil servants take control of their finances, save for the future, and look into ways to invest,” said Minister Barlay. She also recognized the efforts of the CiVSCCU Steering Committee, which has worked on creating rules, loan and investment policies, and setting up the Secretariat for the union.

The project has gained support from global organizations like the United Nations Capital Development Fund (UNCDF), the United Nations Development Programme (UNDP), and the Irish League of Credit Union Foundation. These partners will offer resources and expertise to ensure the success of the Credit Union.

Minister Barlay announced that CiVSCCU will be officially registered under the Ministry of Trade and Industry as part of its first phase. She also mentioned the need for initial funding to get the union started, and assured that there will be strong protections for members’ contributions and personal information.

The Minister encouraged civil servants to get involved and help shape the direction of the union. She also thanked the Government of Ireland for its continued support and promised that MOPED will offer training to board members to ensure the Credit Union’s success and growth.

This new Credit Union marks an important step forward in making financial services more accessible for Sierra Leone’s public sector workers.