Freetown, 27 November 2025 – The Government of Sierra Leone has welcomed the International Monetary Fund’s announcement that its staff have reached a staff-level agreement with Sierra Leone on the combined First and Second Reviews under the Extended Credit Facility (ECF) arrangement, paving the way for the immediate disbursement of approximately US$78.8 million.
In a statement issued this evening, the government described the milestone as “a resounding endorsement of the bold economic reforms spearheaded by His Excellency President Dr. Julius Maada Bio” and praised the “exemplary leadership” of the country’s economic team, including:
– Minister of Finance, Hon. Sheku Ahmed Fantamadi Bangura
– Financial Secretary, Mr. Mathew Dingie
– Governor of the Bank of Sierra Leone, Dr. Ibrahim Stevens
– Commissioner-General of the National Revenue Authority, Dr. Jeneba Bangura
The successful review, according to the government, reflects the administration’s unwavering commitment to fiscal discipline, monetary stability, and far-reaching structural reforms that have restored domestic and international confidence in Sierra Leone’s economy.
The timing of the IMF announcement, one day before the Minister of Finance is scheduled to present the 2026 National Budget in Parliament on Friday, 28 November 2025, further underscores the government’s focus on delivering a “pro-people, stability-driven, and reform-anchored” fiscal plan that prioritizes social services, protects vulnerable populations, and lays the groundwork for sustainable economic growth.
The Ministry of Information and Civic Education has assured the public that further updates will be provided as the country approaches Budget Day.
