The International Monetary Fund (IMF) Executive Board has completed the first and second reviews of Sierra Leone’s Extended Credit Facility (ECF) arrangement, unlocking an immediate disbursement of about US$79.8 million to support the country’s development priorities.
The IMF decision is seen as a strong vote of confidence in Sierra Leone’s economic reform programme, reflecting progress in macroeconomic stability, fiscal discipline, and policy implementation.
According to the IMF, key economic indicators have improved, with inflation declining, the leone remaining stable, economic growth projected at 4.4 percent in 2025, and borrowing costs becoming more sustainable.
The government said the funds will strengthen financial buffers, support priority sectors, and help protect vulnerable populations. The completion of the reviews also signals growing international confidence in Sierra Leone’s economic management.
The achievement follows coordinated efforts by the Ministry of Finance, led by Minister Sheku Ahmed Fantamadi Bangura, and the Bank of Sierra Leone under Governor Dr. Ibrahim Stevens, aimed at tightening fiscal policy, strengthening revenue mobilisation, and maintaining monetary stability.
Welcoming the IMF decision, the Finance Minister reaffirmed the government’s commitment to disciplined economic management and accelerated reforms to promote inclusive and sustainable growth in Sierra Leone.
