Sierra Leone: 2013 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility

November 22, 2013

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Format: Chicago

Sierra Leone: 2013 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility, (USA: International Monetary Fund, 2013) accessed November 22, 2024

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.

Subject: Budget planning and preparation, Debt sustainability analysis, Expenditure, Fiscal policy, Public debt, Public financial management (PFM)

Keywords: Africa, Authority, Budget planning and preparation, CR, Expenditure commitment monitoring, Global, Government plan, IMF TA recommendation, ISCR, Long-term debt, Monetary policy, Real GDP, Renewed focus, Sierra Leonean authority, Single-digit inflation target, Transmission mechanism

Publication Details

Pages:

144
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/330
Stock No:

1SLEEA2013001
ISBN:

9781475513998
ISSN:

1934-7685

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