The International Monetary Fund (IMF) concluded a review mission on the progress of the IMF Extended Credit Facility Program in the country on Thursday, 26th February 2026, at the Ministry of Finance Conference Hall, George Street, Freetown.
This meeting attracted IMF Staff, Senior Government Officials from the Ministry of Finance, the Bank of Sierra Leone, the National Revenue Authority, and other government stakeholders.
The Mission Chief for Sierra Leone Christian Saborowski stated the focus of the mission is to assess progress on the structural benchmarks, implementation of Memorandum of Economic and Financial Policies (MEFP) Commitments, follow up actions on Governance and Corruption Diagnostics (GCD), Public Financial Management(PFM) Reforms including improvements in expenditure controls and budget transparency, domestic revenue mobilization with measures to broaden the tax base and enhance compliance, Public debt management, and steps to strengthen debt recording etc.
The Minister of Finance, Sheku Ahmed Fantamadi Bangura, thanked the Fund for the continuous support in strengthening the country’s economy, as he highlighted the progress in reducing inflationary pressure through prudent monetary policy coordination with the Bank of Sierra Leone, and strengthening governance and transparency in public financial management.
He added that the government is also following up on Governance and Corruption Diagnostics (GCD) report recommendations, with progress in enhancing asset declaration and publication compliance frameworks, and improving legal and institutional frameworks to promote accountability and reduce fiscal risks.
Mr Bangura reaffirmed commitment to meeting the remaining benchmarks in sustaining macroeconomic stability and continued technical support and policy coordination to maintain reform progress.
The Financial Secretary, Matthew Dingie, commended the team from the IMF and urged all sectors of governance to work together to implement the programme’s reforms.
The mission findings will inform the preparation of the formal review report for the spring meeting slated for April this year.
The Executive Board of the International Monetary Fund (IMF) completed the first and second reviews of Sierra Leone’s arrangement under the Extended Credit Facility Programme and the immediate disbursement of US$79.8 million in December 2025.
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