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Extended Credit Facility: Sierra Leone obtains $20 million from the IMF

22/11/2023
Categories: Economy/Forex

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The Extended Credit Facility (ECF) aims to reduce inflation, mobilize revenue to enable necessary expenses consistent with debt sustainability, and maintain resilience to external shocks. For example, following the latest review of the FEC agreement, worth around $172.1 million, concluded in 2018, Sierra Leone obtained $20.7 million in funding from the International Monetary Fund (IMF). The implementation of tax revenue measures and the constant control of expenditure should make it possible to achieve budgetary objectives, while creating room for manoeuvre for priority social spending in order to support the most vulnerable

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