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IMF drops $20.8 million to the New Direction Government

GOVERNMENT OF SIERRA LEONE MINISTRY OF FINANCE PRESS RELEASE The International Monetary Fund Approves Sierra Leone's Economic Performance Under the Extended Credit Facility Programme on 5th June 2023 The Ministry of Finance. in collaboration with the Bank of Sierra Leone and the National Revenue Authority, wish to inform the general public that the Executive Board of the International Monetary Fund has, on 5" June  2023, approved the Economic Performance Programme of the Government of Sierra Leone, which will trigger immediate disbursement of about US$20.8 million. It is worth noting that the global economy is currently facing challenges occasioned by unprecedented overlapping multiple crises severely impacting all countries' economic fabric. These crises have manifested into high inflation, depreciation of currencies, deteriorating external accounts, high-interest rates and rising debt levels and vulnerabilities.  The crisis has also wo
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Third force added by incumbent against the main opposition party. Who will triumph?



 SLPP and NGC form a Progressive Alliance for Transformational Development in Sierra Leone

Consistent with the vision of H.E. President Julius Maada Bio to promote inclusive governance and national cohesion, the leadership of the SLPP and NGC held several consultations to discuss how the two parties could form an alliance to promote transformative and inclusive development in the country. In view of this, both parties obtained permissions from their respective National Executive Councils to explore the formation of strategic alliances to advance the laudable goals of the Government. Following several meetings between representatives from both parties, we have resolved to work together to promote inclusive governance and national development.

Therefore, both parties are pleased to announce the formation of an alliance to promote and work towards the above stated ideals. In that regard, we have agreed to pull resources together to ensure the victory of President Julius Maada Bio in the June 24, 2023 presidential elections and the candidates of our respective parties at both the local council and parliamentary elections. On that note, both parties will support each other to maintain their respective identities while at the same time working towards moving the country on the path of sustainable development. At the policy level, both parties will continue to engage effectively and coordinate on various national issues including designing a common governance platform and campaign messages drawn from our respective manifestos to building a peaceful democratic state and society in Sierra Leone.

A framework agreement outlining the form and ideals of the Alliance will be officially signed and launched at a special ceremony on the 23rd April, 2023.



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