IMF Staff Country Reports

Sierra Leone: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criterion, Extension of the Arrangement, and Rephasing of Disbursements-Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone

July 25, 2008

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Sierra Leone: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criterion, Extension of the Arrangement, and Rephasing of Disbursements-Staff Report; Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility (PRGF) program for Sierra Leone. Performance under the IMF-supported program was mixed. Output growth was strong at 6.8 percent and broad-based, but key fiscal revenue and spending objectives were missed, and progress on the structural reform front was slow. The authorities’ program for 2008 aims to mobilize more domestic revenue; reorient public spending to infrastructure projects and poverty-reducing programs; prevent rapid accumulation of public debt; and accelerate implementation of structural reforms.

Subject: Capital spending, Expenditure, External debt, Macrostructural analysis, Monetary base, Structural reforms, Total expenditures

Keywords: Authority, Capital spending, CR, Global, ISCR, National Anti-Corruption Strategy, PRGF arrangement, Staff appraisal, Structural reforms, Total expenditures, Vote controller, Year-on-year headline inflation

Publication Details

  • Pages:

    82

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/249

  • Stock No:

    1SLEEA2008001

  • ISBN:

    9781451834611

  • ISSN:

    1934-7685

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