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Sierra Leone’s Minister of Finance, Sheku Ahmed Fantamadi Bangura, is in Washington DC to attend the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, scheduled from April 21 to 26.
The high-level meetings will focus on major global economic issues, including inflation, debt management, climate finance, and international development. Discussions will also cover the global economic outlook and progress made by the IMF and World Bank in supporting member countries.
Bangura is accompanied by representatives from the Ministry of Finance, National Revenue Authority (NRA), Bank of Sierra Leone, and Parliament.
The World Bank is currently working with Sierra Leone to reduce poverty, support economic growth, and improve living standards. In 2024, the IMF Executive Board approved a 38-month Extended Credit Facility (ECF) arrangement for the West African country. The ECF will see Sierra Leone approximately receive $248.5 million to restore its macroeconomic stability, reduce inflation and rebuild foreign reserves.
Current relationship between the IMF and Sierra Leone is stable with the two collaborating to boost the country’s economy and enact economic reforms.
