IMF Staff Country Reports

Sierra Leone: Second and Third Reviews Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waivers of Nonobservance of Performance Criteria, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone.

December 20, 2011

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Sierra Leone: Second and Third Reviews Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waivers of Nonobservance of Performance Criteria, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone., (USA: International Monetary Fund, 2011) accessed December 26, 2024

Summary

Sierra Leone’s economic activity is expanding, and the medium-term outlook is favorable. Real GDP growth picked up to about 5 percent in 2010–11, while the commencement of an iron ore megaproject in 2012 is expected to boost GDP and exports substantially. Fiscal tightening, through strengthening of revenue collection and containing domestically financed capital spending, along with reduced central bank direct credit to government, ensured that program ceilings for net credit to government and net domestic assets were met by substantial margins in June 2011.

Subject: Budget planning and preparation, Fuel prices, National accounts, Prices, Producer price indexes, Public debt, Public financial management (PFM)

Keywords: Africa, Authorities' resort, Authority, Budget planning and preparation, CR, Discussion of Sierra Leone, Expenditure measure, Fuel prices, Global, ISCR, Policy implementation, Producer price indexes, Sierra Leonean authority, West Africa

Publication Details

  • Pages:

    73

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/361

  • Stock No:

    1SLEEA2011002

  • ISBN:

    9781463929152

  • ISSN:

    1934-7685

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