Sierra Leone: Third Review Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Request for an Arrangement Under the Resilience and Sustainability Facility — Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone

IMF Staff Country Reports, July 7, 2026

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Sierra Leone: Third Review Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Request for an Arrangement Under the Resilience and Sustainability Facility — Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone

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Bibliographic details

• Published: July 7, 2026
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798229051538.002

Macro outlook and near-term projections

• Growth accelerated last year, but spillovers from the Middle East war are weighing on the economy in 2026.
• Growth is expected to fall to 4 percent.
• End-year inflation will reach 11.6 percent.
• The outlook is subject to significant risks:
  • rising political tensions ahead of the elections,
  • the fallout from the war in the Middle East,
  • possible reform fatigue amid the sustained fiscal consolidation.

Fiscal and public financial management priorities

• Advancing energy and public financial management reforms will help:
  • contain spending,
  • avoid arrears accumulation,
  • strengthen arrears monitoring.
• Revenue mobilization gains will require:
  • stronger tax administration,
  • stronger mining revenue collection.
• Stronger debt management is needed to help mitigate risks.

Structural and banking sector reforms

• Structural reforms that should be stepped up include:
  • strengthening arrears management,
  • operationalizing the bank resolution framework,
  • completing the resolution of the problem bank,
  • implementing the recommendations of the Governance and Corruption Diagnostic.

Key thematic areas and subjects covered

• Arrears
• Climate change
• Debt sustainability analysis
• Environment
• External debt
• Public debt

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