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President Julius Maada Bio on Tuesday, April 7, 2026, presided over an Economic Management Meeting to evaluate the effects of the ongoing Gulf conflict on Sierra Leone’s economy, highlighting growing concerns over global economic pressures.
According to a statement from the President following the meeting, rising global fuel prices, increased shipping costs, and disruptions in supply chains are placing significant strain on local markets and the livelihoods of citizens.
He noted that these external shocks, driven by the conflict in the Gulf region, are beginning to impact the cost of goods and overall economic stability.
“I presided over an Economic Management Meeting to assess the impact of the Gulf conflict on our economy. Rising global fuel prices, shipping costs, and supply chain disruptions pressure our markets and people’s lives,” President Bio stated.
The President reaffirmed his government’s commitment to mitigating the adverse effects of these global developments. He emphasized that authorities are actively monitoring the situation and working on strategies aimed at safeguarding economic gains made in recent years.
“We remain committed to cushioning these effects and protecting our economic progress,” he added.
The meeting forms part of ongoing efforts by the government to respond to external economic shocks and ensure resilience within the national economy, as global uncertainties continue to evolve.
