Sierra Leone: Request for a Three–Year Arrangement Under the Poverty Reduction and Growth Facility
IMF Staff Country Reports, May 24, 2006
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- Sierra Leone: Request for a Three–Year Arrangement Under the Poverty Reduction and Growth Facility
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Bibliographic details
- Published: May 24, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451834550.002
Summary
- This paper discusses Sierra Leone’s Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility (PRGF).
- Sierra Leone has made considerable progress during the last PRGF-supported program toward macroeconomic stability.
- Macroeconomic performance was generally strong.
- Structural reforms sought to establish a foundation for sound public finances and the effective conduct of macroeconomic policies.
- There were slippages in fiscal performance in 2005, but the government took corrective actions during the last quarter of the year to bring performance in line with the budget.
Macroeconomic performance and structural reforms
- Progress toward macroeconomic stability was noted over the previous PRGF-supported program.
- Macroeconomic performance described as "generally strong."
- Structural reforms aimed at:
- Establishing a foundation for sound public finances.
- Enabling the effective conduct of macroeconomic policies.
Fiscal slippages and corrective actions
- Fiscal slippages occurred in 2005.
- The government implemented corrective actions during the last quarter of 2005.
- Corrective actions brought fiscal performance back in line with the budget.
Subjects and keywords
- Subject: Asset and liability management; Debt relief; Expenditure; Poverty; Poverty reduction strategy; Public financial management (PFM); Total expenditures
- Keywords: anti-corruption effort; CR; Debt relief; disbursement; GDP; inflation; ISCR; Poverty reduction strategy; PRGF arrangement; PRGF loan; PRGF-supported program; Sierra Leonean authorities; Sub-Saharan Africa; Total expenditures; West Africa
International Monetary Fund. "Sierra Leone: Request for a Three–Year Arrangement Under the Poverty Reduction and Growth Facility", IMF Staff Country Reports 2006, 183 (2006).