By Sallieu S, Kanu
The Ministry of Finance, through its Public Debt Management Division, has officially commenced its annual Debt Sustainability Analysis (DSA) workshop at Leisure Lodge Aberdeen in Freetown. Running from September 1st to 5th, the workshop brings together key stakeholders to assess the country’s debt profile and chart a sustainable fiscal path forward.
Mathew Sandy, Director of the Public Debt Management Division, opened the session by highlighting the importance of transparency in public debt reporting. He noted that Sierra Leone’s macroeconomic landscape has seen significant mprovement over the past year, with inflation dropping from 40% to 6.45%, interest rates falling from 40% to 16%, and the exchange rate remaining relatively stable. These developments have shifted the country’s debt distress classification to “Moderate Risk”, a notable improvement from previous assessments.
Deputy Minister of Finance, Kadiatu Allie, emphasized that the workshop is not just a technical exercise but a cornerstone of Sierra Leone’s National Development Plan (NDC), particularly its flagship initiative, Feed Salone. She stated that the DSA directly influences resource allocation for critical sectors such as Agriculture, Healthcare, Energy, Infrastructure, and Social Protection, while also boosting investor confidence and enhancing the country’s credit rating.
“Our economic aspirations are anchored on sound fiscal management, prudent borrowing, and transparent public financial administration,” Madam Allie said. “This workshop embodies our commitment to inclusive and accountable governance.”
As of mid-2025, Sierra Leone’s public debt stands at approximately 80% of GDP, with external debt making up a significant portion. While recent macroeconomic gains have eased pressure, the country remains vulnerable to external shocks and global interest rate fluctuations. The DSA workshop aims to refine debt strategies that balance development needs with long-term fiscal sustainability.
Madam Allie concluded by urging participants to uphold the principles of inclusiveness, accountability, and transparency, ensuring that all data used in the analysis is accurate and current to maintain the credibility of the exercise.
The outcomes of this workshop are expected to inform future borrowing decisions, guide budgetary planning, and reinforce Sierra Leone’s commitment to responsible debt management as it pursues inclusive economic growth.