Freetown, 18th June, 2026 – The Bank of Sierra Leone (BSL) has completed the resolution of Union Trust Bank Limited (UTB), transferring its viable business to Rokel Commercial Bank (RCB) after years of capital shortfalls and mounting losses left the institution insolvent.
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The decision, announced Thursday, also included the completion of the IMF’s third review of Sierra Leone’s Extended Credit Facility (ECF). This unlocks an immediate disbursement of $31.7 million, providing the government with fresh fiscal space to address pressing economic and environmental challenges.
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Freetown, 18th June, 2026- Sierra Leone’s Vice President, Dr. Mohamed Juldeh Jalloh, is set to deliver the keynote address at the 4th Annual Sierra Leone Diaspora Investment Conference, opening tomorrow, June 19, in London.
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The International Monetary Fund (IMF) has warned that Sierra Leone’s government must tighten control over its foreign exchange (FX) spending to safeguard economic stability, even as the country records progress under its ongoing reform program.
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Sierra Leone’s public debt stock closed 2025 at NLe 62.7 billion (US$2.61 billion), according to the latest figures from the Public Debt Management Division (PDMD), Ministry of Finance.
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