This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Sierra Leone and the IMF. Additional information can be found on Sierra Leone and IMF country page, including official IMF reports and Executive Board documents in English that deal with Sierra Leone.
At a Glance
- Current IMF membership: 190 countries
- Sierra Leone joined the Fund in September 10, 1962. (Article VIII)
- Total quotas: SDR 207.4 million
- Outstanding loans and purchases: (SDR) 360.72 million (March 31, 2023)
- Last Article IV Consultation: The last Article IV Executive Board Consultation was on June 27, 2022. (Country Report No. 2022/259, July 29, 2022)
Office Activities
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Blog post done by IMF's FDMD's, David Lipton, after his visit to Sierra Leone and Niger.
February 26, 2020
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Politico SL reports on IMF's FDMD's visit to Sierra Leone
The interview: IMF’s number 2 man talks on Sierra Leone’s economy
January 31, 2020
Sierra Leone and the IMF
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November 27, 2023
Series:Country Report No. 2023/377
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November 20, 2023
The Executive Board of the International Monetary Fund (IMF) completed the Eighth and final review of Sierra Leone’s arrangement under the Extended Credit Facility (ECF). The completion of the review enables the immediate disbursement of SDR 15.555 million (or about US$20.7 million). This brings total disbursements under the arrangement to SDR 124.44 million (or about US$165.6 million).
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November 6, 2023
An International Monetary Fund (IMF) team, led by Mr. Christian Saborowski, visited Freetown from September 25 to October 6, 2023, for the eighth review of Sierra Leone’s financial and economic program supported by the Extended Credit Facility (ECF) arrangement, approved on November 30, 2018 (see Press Release No. 18/446).
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Transcript of Press Briefing: Regional Economic Outlook for Sub-Saharan Africa
October 13, 2023
Transcript of Africa's Regional Economic Outlook
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June 21, 2023
Series:Country Report No. 2023/214
Regional Economic Outlook for Sub-Saharan Africa
October 10, 2023
LIGHT ON THE HORIZON?
Still emerging from the COVID-19 pandemic, countries in sub-Saharan Africa have been hit by a sluggish global economy, worldwide inflation, high borrowing costs, and a cost-of-living crisis. In many cases, inflation is still too high, borrowing costs are still elevated, exchange-rate pressures persist, and political instability is an ongoing concern. To ensure that the coming rebound is more than just a transitory glimpse of sunshine, it is important for authorities to guard against a premature relaxation of stabilization policies, while also focusing on reforms to both claw back lost ground from the four-year crisis and also to create new space to address the region’s pressing development needs.
Read the Report
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.