FAO, IMF, WTO, World Bank Raise Alarm Over Food Crisis

4 years ago

The Food and Agriculture Organisation (FAO), International Monetary Fund (IMF), World Bank Group (WBG), World Food Programme (WFP), and World Trade Organisation (WTO) want urgent action to address the...

Sierra Leone Seeks IMF Waiver For Significant Breach of Net Bank Credit to Government

4 years ago

The government has observed the quantitative performance criteria (PC) on gross international reserves (GIR) and Central Bank net domestic assets (NDA) and the continuous PCs on external arrears and debt. Based...

Projected New Contract Payments to Karpowership is US$70 Million

4 years ago

The government has acknowledged that there were large fiscal risks posed by Electricity Distribution and Supply Authority EDSA and that projected payments to Karpower under the new contract amount to US$70...

Sierra Leone Listed Among 34 Heavily Indebted African Countries, According to World Bank

4 years ago

Sierra Leone is listed among the 34 heavily indebted African countries, according to the World Bank and the International Monetary Fund (IMF). Of the 39 countries World Bank and IMF listed with heavy...

Cost of Living Drives Up Hunger And Poverty, IMF Must Abandon Demand For Austerity

4 years ago

Eighty-Seven (87) per cent of the International Monetary Fund’s (IMF) COVID-19 loans are requiring Sierra Leone and other developing countries that have been denied equal access to vaccines and are facing...

IMF to Disburse $20.8 Million to Sierra Leone

4 years ago

The recovery from the pandemic has been set back by the impact of the war in Ukraine and the medium term outlook remains challenging.Successive external shocks have contributed towards mixed performance...

Sierra Leone, Others to Record More Economic Losses – IMF

4 years ago

The International Monetary Fund has warned that Sierra Leone and other emerging countries will likely record greater losses due to their less access to vaccines and smaller pandemic-support packages. In...

IMF Raises Alarm, Warns Sierra Leone, Others of Hunger-Induced Unrests

4 years ago

The International Monetary Fund (IMF) has warned Sierra Leone and other African countries of the possibility hunger-related social unrests ahead, as a direct consequence of Russia’s invasion of Ukraine. This...

Sierra Leone to Benefit As IMF Approves $45bn Fund For Low, Middle-income Countries

4 years ago

The International Monetary Fund (IMF) has approved a $45 billion trust fund to help low and vulnerable middle-income countries build resilience and sustainability. Sierra Leone is among lower-middle-income...

Sierra Leone, Others at High Risk of Debt Distress, IMF Warns

4 years ago

Sierra Leone and 72 other countries are at high risk of debt distress or already in debt distress, according to a new report by the International Monetary Fund. The report, titled “Restructuring debt...