IMF Staff Country Reports

Sierra Leone: Selected Issues

July 29, 2022

Download PDF Order a Print Copy
Order a Print Copy

Preview Citation

Format: Chicago

Sierra Leone: Selected Issues, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

This Selected Issues paper focuses on mainstreaming adaptation in Sierra Leone. The strong linkage between climate vulnerability and development calls for mainstreaming adaptation into national development agenda, while macro vulnerability requires fiscal policies to balance the needs of climate actions and debt sustainability. Enhancing the capacity to tap into external grants will be critical to fulfil the climate commitments while maintaining debt sustainability. Meanwhile, gradually adapting the existing Personal Financial Management (PFM) practices to integrate climate targets within and beyond the budget cycle will help mainstream adaptation and prioritize climate projects. Climate-related shocks have caused heavy casualties and economic losses, underlining the importance of investing in adaptation for infrastructure to reduce vulnerability. Macro-fiscal policies would benefit from being supported by frameworks that link climate risks to debt sustainability analysis. The authorities should calibrate climate costs and adaptation benefits and integrate adaptation into fiscal policies. Green PFM should gradually adapt the existing PFM practices to integrate climate targets within and beyond the budget cycle and help prioritize climate spending.

Subject: Asset and liability management, Education, Environment, International organization, Labor, Monetary policy, Prices

Keywords: Africa, Baseline debt anchor, Central Africa, Climate change, Climate commitment, Debt anchor, Debt limits, Education policy, Financing mix, Global, Human capital, Inflation, Inflation driver, Model description, Panel data regression, Sub-Saharan Africa, West Africa

Publication Details

  • Pages:

    98

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2022/260

  • Stock No:

    1SLEEA2022002

  • ISBN:

    9798400216176

  • ISSN:

    1934-7685

You May Also Be Interested In...

Unlocking Adaptation Finance in Emerging Market and Developing Economies

November 19, 2024

Guidance Note On The Financing Assurances And Sovereign Arrears Policies And The Fund's Role In Debt Restructurings

November 18, 2024

Quarterly Projection Model for the Bank of Ghana: Extensions and Applications

November 15, 2024

Foreign Exchange Intervention Under the Integrated Policy Framework: The Case of India

November 15, 2024