Sierra Leone Sees IMF Support as Crucial to Luring Investors

West African nation suffering from chronic high inflation
Government resumed IMF agreement after earlier deal stalled

Julius Maada Bio, President of Sierra Leone, says his administration is working on ending corruption.Source: Bloomberg)

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By Andre Janse Van Vuuren

March 12, 2019 at 5:57 PM UTC

Updated on

March 13, 2019 at 5:18 AM UTC

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Sierra Leone is counting on its program with the International Monetary Fund to attract infrastructure investments and revive an economy that’s struggling to recover from the worst-ever outbreak of Ebola.

The government of President Julius Maada Bio resumed an agreement with the Washington-based lender for a $172 million extended credit facility in December after an earlier deal with the administration of his predecessor, Ernest Bai Koroma, stalled because it didn’t meet the program’s targets.