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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IMF Staff Concludes Mission to Sierra Leone
April 22, 2024
An International Monetary Fund (IMF) team, led by Mr. Christian Saborowski, visited Freetown from April 8 to 12, 2024, to hold discussions with the Sierra Leonean authorities on their request for financial support under a new arrangement under the Extended Credit Facility (ECF) after the previous arrangement came to an end on November 20, 2023
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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
Regional Economic Outlook for Sub-Saharan Africa
April 19, 2024
A Tepid and Pricey RecoveryAfter four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
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.