The Fiscal Risk Management Division of the Ministry of Finance, in collaboration with AFRITAC West 2, has concluded a week-long training workshop on Fiscal Risk Management Tools aimed at strengthening Sierra Leone’s capacity to manage fiscal risks within government institutions.

The training ended on Tuesday, 26 May 2026, at the Ministry of Finance Conference Hall on George Street in Freetown.

The workshop brought together representatives from several key government institutions, including the Ministry of Finance, National Revenue Authority, Bank of Sierra Leone, National Public Procurement Authority (NPPA), Ministry of Planning and Economic Development (MOPED), National Disaster Management Agency (NDMA), Accountant General’s Department, Attorney General’s Office, as well as officials from other Ministries, Departments, Agencies and State-Owned Enterprises.

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Addressing participants during the closing ceremony, Director of the Fiscal Risk Division, Dr. Alhassan Mansaray, expressed appreciation to AFRITAC West 2 and partner institutions for their continued support toward strengthening public financial management in Sierra Leone.

Dr. Mansaray said the training had significantly enhanced the country’s approach to identifying, monitoring, reporting and mitigating fiscal risks across government institutions.

According to him, the workshop also provided an opportunity to review and improve the existing Fiscal Risk Statement and Fiscal Risk Register, while deepening institutional understanding of emerging fiscal vulnerabilities and risk management frameworks.

He further explained that practical sessions involving International Monetary Fund tools such as the Fiscal Risk Assessment Tool (FRAT), the Public-Private Partnership Fiscal Risk Assessment Model (PFRAM), and the Debt and Guarantees Liability Assessment Tool (DGLAT) improved participants’ technical capacity in fiscal risk analysis.

Dr. Mansaray noted that the training focused on critical areas including contingent liabilities, public-private partnership risk assessment, macroeconomic sensitivity analysis and debt vulnerability monitoring.

He also commended the progress made on the draft standalone Fiscal Risk Statement and Fiscal Risk Register, stating that the reforms are expected to strengthen oversight of State-Owned Enterprises and improve government’s analytical capacity in managing fiscal risks.

Speaking at the same event, Financial Secretary Matthew Dingie thanked AFRITAC West 2 for supporting the training, which he described as important to sustaining ongoing public financial management reforms in Sierra Leone.

Mr. Dingie said the knowledge gained from the workshop would help improve the quality of fiscal reporting and align Sierra Leone’s fiscal management practices with international standards.

He encouraged participants to apply the skills acquired during the training to strengthen fiscal discipline and reduce risks within their respective institutions.

The IMF AFRITAC West 2 Regional Adviser on Public Financial Management and Mission Lead, Ilyas Tufan, commended participants for their active engagement throughout the training sessions.

Mr. Tufan also expressed appreciation to the leadership of the Ministry of Finance for the support and hospitality extended during the mission.

The workshop marks another effort by the Ministry of Finance and its partners to strengthen Sierra Leone’s public financial management system and improve resilience against fiscal risks across government institutions.