Sierra Leone: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone

June 22, 2017

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Format: Chicago

Sierra Leone: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone, (USA: International Monetary Fund, 2017) accessed November 9, 2024

Summary

This paper discusses Sierra Leone’s Request for a Three-Year Arrangement under the Extended Credit Facility (ECF). In the near term, this ECF is expected to support important but difficult policies: ending routine foreign exchange auctions and eliminating numerous tax and duty exemptions while increasing infrastructure spending and bolstering the social safety net. The ECF will also catalyze maintenance of external support. In the medium term, the proposed arrangement will provide the framework for structural progress on revenue mobilization, public financial management and financial sector reforms, and increased reserves. The IMF staff supports the authorities’ request for the new ECF.

Subject: Budget planning and preparation, Expenditure, External debt, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)

Keywords: Authorities' effort, Authority, Budget planning and preparation, CR, ECF arrangement, ECF program, Global, IMF Deputy managing director Mr. Tao Zhang, ISCR, Public and publicly-guaranteed external debt, Sierra Leonean authorities

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/154
Stock No:

1SLEEA2017001
ISBN:

9781484303832
ISSN:

1934-7685

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