FREETOWN, June 19 – The International Monetary Fund has approved a new financing arrangement worth approximately $211.5 million for Sierra Leone to strengthen the country’s resilience to climate-related shocks and support long-term economic stability.
The new programme is designed to help the West African nation improve its ability to prepare for, respond to and recover from the growing economic impact of climate change.
In a separate decision, the IMF also completed the third review of Sierra Leone’s ongoing Extended Credit Facility (ECF) programme, paving the way for the immediate disbursement of approximately $31.7 million.
The latest disbursement will provide additional budget support as the government continues implementing economic reforms aimed at restoring macroeconomic stability, strengthening public finances and supporting sustainable growth.
The climate-focused financing reflects the IMF’s increasing emphasis on helping vulnerable economies address the financial risks associated with climate change, particularly in developing countries that face recurring floods, droughts and other extreme weather events.
For Sierra Leone, improving climate resilience has become a key economic priority, given the country’s exposure to environmental shocks that can disrupt agriculture, infrastructure, food security and public finances.
The approval also signals continued international support for Sierra Leone’s reform agenda as authorities work to strengthen economic resilience while promoting inclusive and sustainable development.
The combined IMF support is expected to help improve fiscal stability, strengthen climate preparedness and enhance the country’s capacity to withstand future economic and environmental shocks.
