Sierra Leone: 2013 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility
Electronic Access:
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Summary:
This 2013 Article IV Consultation highlights that Sierra Leone has made significant progress in macroeconomic stabilization over the last five years. Real GDP growth averaged some 7 percent, driven by output expansion in agriculture, mining, and services; as well as the scaling-up of infrastructure investment. Nonetheless, important impediments to broad-based growth remain, including large infrastructure gaps, insufficient energy supply, and limited access to safe water and sanitation. Medium-term prospects are positive. Growth is projected to remain robust, mainly driven by iron ore production and continued high public investment; while inflation is expected to decline further as monetary and fiscal policies remain prudent.
Series:
Country Report No. 2013/330
Subject:
Budget planning and preparation Debt sustainability analysis Expenditure Fiscal policy Public debt Public financial management (PFM)
English
Publication Date:
November 22, 2013
ISBN/ISSN:
9781475513998/1934-7685
Stock No:
1SLEEA2013001
Pages:
144
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