Sierra Leone: First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone

July 9, 2019

Preview Citation

Format: Chicago

Sierra Leone: First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone, (USA: International Monetary Fund, 2019) accessed December 21, 2024

Summary

Actions by the new government since taking office in April 2018 helped to stabilize macroeconomic conditions, but the situation remains challenging. Overall growth remained subdued. While elevated, inflation is tracking down. Program performance is broadly on track, though progress on structural measures has been slower than anticipated. Healthy revenues and significant underspending resulted in a lower-than-programed fiscal deficit. All quantitative targets were met, except the end-December performance criterion on net domestic assets (NDA) of the central bank and the end-March indicative target on poverty-related spending.

Subject: Arrears, Expenditure, External debt, Fiscal risks, Public debt, Public financial management (PFM)

Keywords: Agenda, Arrears, Authority, CR, ECF arrangement, Fiscal risks, Global, Government procurement, Government's reform agenda, Headline arrears amount, ISCR, Medium-Term debt management strategy

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/217
Stock No:

1SLEEA2019001
ISBN:

9781498324885
ISSN:

1934-7685

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