The Independent (Freetown)

Sierra Leone: IMF Gives $46 Million

By Isata Lebbie, 15 May 2006

Finance Minister John Benjamin, on May 12 disclosed at a press conference that the International Monetary Fund {IFM} has approved a $46m fund for Sierra Leone's economic recovery programme.

The Finance Minister described it " good news". John Benjamin has just returned from a trip abroad. The fund, the Finance Minister went on, was to be used by the Government for 2006 to 2008 and the loan was as a result of Sierra Leone's satisfactory economic development with an output growth of 7.3%.

Benjamin said, "Sierra Leone qualified for the loan under the previous PRGF Program, which helped consolidate the post conflict transition thus laying the foundation for sustained real growth and poverty reduction".

The program under which Sierra Leone qualified, the Minister went on, was based on the country's own Poverty Reduction Strategy Paper.

Tagged: Aid and Assistance, Business, External Relations, International Organisations, Sierra Leone, West Africa

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