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Freetown, Sierra Leone

Sierra Leone (Picture by Caravaggio971)

Sierra Leone Resident Representative Site

Resident Representative Office in Sierra Leone

June 1, 2009

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 : Sierra Leone's Relations with the IMF

  • Current membership: 185 countries
  • Sierra Leone joined the Fund in September 10, 1962; Article VIII
  • Total Quotas: 103.70 Million (As of October 31, 2008)
  • Loans outstanding: PRGF Arrangements SDR 27.51 Million
  • Last Article IV Consultation: The last Article IV Executive Board Consultation was on December 22, 2008. (Country Report No. 09/02, January 12, 2009)

News and Highlights

Sierra Leone and the International Monetary Fund-the Poverty Reduction and Growth Facility 2006–2010

IMF Executive Directors completed the second review under the Poverty Reduction and Growth Facility (PRGF) arrangement with Sierra Leone, extending the program, initially due to end in mid-2009, for another year. This note sketches the salient features of the current program between Sierra Leone and the International Monetary Fund click for more

IMF Survey: Sound Policies, Support Can Help Africa Ride Crisis

IMF Managing Director Dominique Strauss-Kahn says Africa will not be spared the consequences of the global crisis and that the significant gains many countries have made in recent years in the fight against poverty are now at risk click for more

The World Must Not Forget Africa During This Crisis

A Commentary by Dominique Strauss-Khan, Managing Director, International Monetary Fund click for more

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Sierra Leone and The IMF

Press Release: Statement at the Conclusion of an IMF Staff Mission to Sierra Leone

September 22,2009

Sierra Leone: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, Augmentation of Access, and Financing Assurances Review - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone

July 20,2009
Series: Country Report No. 09/215 click for more

Sierra Leone -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 04, 2009

June 25,2009
PDF File Size: 376Kb click for more

Press Release: IMF Executive Board Completes Fourth Review Under PRGF Arrangement for Sierra Leone, Approves Increase in Financial Support and US$18.8 Million Disbursement

June 24,2009

Press Release: Statement by the IMF Staff Mission to the Republic of Sierra Leone

April 7,2009

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October. Click for more