Freetown: The Government of Sierra Leone has expressed approval following the International Monetary Fund's (IMF) decision to reach a staff-level agreement with the nation on the first and second reviews of the Extended Credit Facility (ECF) program. This agreement will unlock $78.8 million in financial support for Sierra Leone.

According to Sierra Leone News Agency, this development is a testament to the significant economic reforms led by President Julius Maada Bio. The management of Sierra Leone's economic team, including Finance Minister Sheku Ahmed Fantamadi Bangura, Financial Secretary Mathew Dingie, Governor of the Bank of Sierra Leone Dr. Ibrahim Stevens, and Commissioner General of the National Revenue Authority Madam Jeneba Bangura, has been crucial in achieving this milestone.

Their collective dedication to fiscal discipline, maintaining monetary stability, and implementing structural reforms has re-established confidence in Sierra Leone's economic landscape and reinforced the foundation for future growth.

The IMF's announcement comes just a day before the Finance Minister is set to present the 2026 National Budget to Parliament on Friday, 28th November 2025. This timing underscores the administration's focus on a budget driven by stability, aimed at enhancing social services, safeguarding vulnerable populations, and fostering sustainable economic growth.

The Ministry of Information and Civic Education has committed to providing further updates as preparations for Budget Day progress.