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President Julius Maada Bio has earned high praise from the heads of the World Bank and the International Monetary Fund (IMF) for Sierra Leone’s recent strides in economic stability and reform.
In separate meetings held in Washington, Ajay Banga, President of the World Bank Group, and Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), applauded President Bio’s leadership and pledged their institutions’ continued support for Sierra Leone’s economic reforms.
During the discussions, President Bio outlined key achievements under his administration, including the reduction of inflation to single digits, relative stability of the exchange rate, and a decline in Treasury Bill rates. He thanked both the World Bank and IMF for their consistent partnership, which he described as “steadfast and reliable” in advancing the country’s development goals.
Mr. Banga praised the government’s commitment to sustainable growth and reaffirmed the World Bank’s support for Sierra Leone’s Mission 300 Energy Compact. He also welcomed President Bio’s request for support to enable the country’s participation in the Global Health Compact.
Madame Georgieva congratulated President Bio on his recent appointment as Chairman of the ECOWAS Authority and underscored the IMF’s appreciation of Sierra Leone’s macroeconomic gains. She noted that the Fund remained committed to strengthening its collaboration with the government to ensure economic stability.
The meetings reaffirmed international confidence in Sierra Leone’s reform agenda, with both institutions acknowledging the country’s progress and resilience under President Bio’s stewardship. Officials say the government intends to accelerate governance reforms while consolidating recent economic gains.
