The International Monetary Fund has revealed that Sierra Leone requested a new 38-month Extended loan facility worth about $253 million.
The Fund said its staff and the Sierra Leonean authorities had reached a staff-level agreement on economic policies and reforms that could be supported by the facility, which is subject to approval by the IMF’s Executive Board.
Recall in May, Finance Minister Momodu Kargbo admitted that it’s loan facility was delayed due to a lack of decision on floating the price of fuel and imposing levy on rice – two policies IMF set as a condition for a new loan facility.
