The International Monetary Fund (IMF) will disburse $50 million to support Sierra Leone's balance of payments and fiscal needs. Despite a recovery expected this year, the country continues to implement its economic recovery plan to respond to the imbalances caused by the pandemic.

IMF support is part of a Rapid Credit Facility (RCF). According to the institution, these funds are intended to help the State meet its balance of payments and budget needs.

"Sierra Leone is grappling with the severe and persistent effects of the covid-19 pandemic. If the immediate health risks seem contained, 2021 will be another difficult year. The economic and social impact is likely to be prolonged, exacerbating long-standing development problems and the tense financial situation," said Tao Zhang, deputy director general of the institution.
According to the Bretton Woods institution, the new emergency funding will "ensure that the authorities can sustain their response and recovery efforts."