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

1SLEEA2008001 Image
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Release Date: © July, 2008
ISBN : 978-1-45183-461-1
Stock #: 1SLEEA2008001
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic policy , Economic sectors , Energy sector , Inflation , Mining sector , Monetary policy , Private sector , Reserves




More publications in this series: IMF Staff Country Reports