Visiting MCC CEO Meets Minister of Finance

Minister of Finance Sheku Ahmed Fantamadi Bangura, Monday 27th February 2023, hosts the visiting Chief Executive Officer (CEO) of the Millennium Challenge Corporation (MCC), Alice Albright, who is on a three-day working visit in Sierra Leone.

The MCC CEO congratulated the Minister of Finance on his appointment and thanked him for meeting with her.

The CEO further stated that she will meet with various government officials and visit some project sites.

Alice Albright and the Minister discussed issues around the economy, debt sustainability, inflations, government reforms and how the MCC compact will impact economic growth.

Minister Bangura informed his guest that the Ministry of Finance has been following up on the development of the compact with the MCC and how the compact can impact energy as an enabler for the Education and Agriculture value chain to address food insecurity.

He highlighted how energy generation is impacting the economy and government budget.

Minister Bangura assured the CEO of the government’s commitments to deepen economic reforms, improve the MCC scorecard and provide the resources for a free and fair election.

Similarly, a mission from the International Monetary Fund (IMF) made a courtesy call to the Minister of Finance to brief him on the objective of their mission in the country.

Mission Chief Christian Saborowski informed the minister that they are here to gather information, look at government revenue measures, commitment to implementing the reforms and expenditure for 2022 and 2023.

He continued that the outcome of this mission will inform the next review (sixth) of the ECF programme and possible extension.

Statements from the Minister of Finance and Financial Secretary reiterate the government’s commitment to deepening economic reforms to improve revenue generation, expenditure management and debt sustainability.

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