Government Secures $78.8 Million in IMF Extended Credit Facility Deal

The Government of Sierra Leone has successfully secured US$78.8 million in support following a staff-level agreement with the International Monetary Fund (IMF) on the 1st and 2nd Reviews of the Extended Credit Facility (ECF) programme.

The IMF’s approval reflects confidence in Sierra Leone’s ongoing economic reforms, including fiscal discipline, monetary stability, and structural adjustments championed by President Julius Maada Bio and the country’s economic management team.

Key figures driving these reforms include Finance Minister Sheku Ahmed Fantamadi Bangura, Financial Secretary Mathew Dingie, Bank of Sierra Leone Governor Dr. Ibrahim Stevens, and National Revenue Authority Commissioner General Madam Jeneba Bangura.

“This agreement demonstrates the strong progress Sierra Leone has made in strengthening its economy,” a government statement said. “It underscores our commitment to implementing policies that foster stability, growth, and social development.”

The IMF funding comes just ahead of the presentation of the 2026 National Budget to Parliament, scheduled for Friday, 28 November 2025. Officials say the release of this support will enhance the government’s ability to implement a pro-people, reform-anchored budget that prioritizes social services, protects vulnerable groups, and encourages sustainable economic expansion.

The Ministry of Information and Civic Education has pledged to provide further updates as the country moves toward Budget Day, emphasizing that the IMF agreement strengthens Sierra Leone’s financial outlook and reinforces international confidence in the nation’s economic management.