Executive Board
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on Sierra Leone:

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June 12, 2014
October 21, 2013
September 17, 2012
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December 6, 2010

Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 13.9 10.8
Consumer Prices 7.8 6.7
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Sierra Leone: Financial Position in the Fund

Transactions with the Fund


IMF Resident Representative
Office in Sierra Leone

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Sierra Leone and the IMF
Updated June 26, 2014

The last Article IV Executive Board Consultation was on October 21, 2013. Listed below are items related to Sierra Leone, in reverse chronological order (you can also view items by category).

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February 23, 2004 -- Press Release: IMF Completes Fourth Review Under Sierra Leone's PRGF Arrangement and Approves US$21 Million Disbursement
February 03, 2004 -- Sierra Leone -- Letter of Intent, February 3, 2004
This Letter of Intent of the government of Sierra Leone describes the policies that Sierra Leone intends to implement in the context of its request for financial support from the IMF.
September 21, 2003 -- Statement by Mr. Jose Pedro de Morais Junior Minister of Finance of Angola, Given on the Occasion of the International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003
Representing Africa Group I Constituency comprising the following countries: Angola, Botswana, Burundi, Ethiopia, Eritrea, The Gambia, Kenya, Lesotho, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe
June 23, 2003 -- Sierra Leone: Poverty Reduction Strategy Paper Preparation Status Report
Series: Country Report No. 03/182
June 23, 2003 -- Sierra Leone: Joint Staff Assessment of the Poverty Reduction Strategy Paper Preparation Status Report
Series: Country Report No. 03/183
April 21, 2003 -- Press Release: IMF Completes Review Under Sierra Leone's PRGF Arrangement and Approves US$19 Million Disbursement
April 11, 2003 -- Transcript of a Press Conference of African Finance Ministers and Governors of Central Banks
Mr. Charles Konan Banny, Governor of the Central Bank of West African States (BCEAO), Mr. Benjamin Radavidson, Minister of Finance and Budget of Madagascar, Mr. Timothy T. Thahane, Minister of Finance from Lesotho, Mr. Joseph B. Dauda, Minister of Finance of Sierra Leone, Gerald M. Ssendaula, Minister of Finance, Planning and Economic Development of Uganda
April 04, 2003 -- Sierra Leone -- Letter of Intent, Memeorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, April 4, 2003
This Letter of Intent of the government of Sierra Leone describes the policies that Sierra Leone intends to implement in the context of its request for financial support from the IMF.
September 28, 2002 -- Statement by Mr. Julio Marcelino Bessa, Minister of Finance of Angola, Representing Africa Group I Constituency comprising the following countries: Angola, Botswana, Burundi, Ethiopia, Eritrea, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe, IMFC Meeting of the IMF Board of Governors, September 27, 2002
The International Monetary and Financial Committee statement on behalf of the following countries: Angola, Botswana, Burundi, Ethiopia, Eritrea, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe
September 19, 2002 -- News Brief: IMF Completes Review Under Sierra Leone's PRGF Arrangement and Approves US$25 million Disbursement
August 12, 2002 -- Sierra Leone -- Letter of Intent, Memorandum of Economic and Financial Policies, August 12, 2002
This Letter of Intent of the government of Sierra Leone describes the policies that Sierra Leone intends to implement in the context of its request for financial support from the IMF.
March 19, 2002 -- Press Release: IMF and World Bank Support US$950 million In Debt Service Relief For Sierra Leone Under Enhanced HIPC Initiative
March 12, 2002 -- News Brief: IMF Completes Review Under Sierra Leone's PRGF Arrangement and Approves US$12 Million Disbursement
February 15, 2002 -- HIPC Enhanced Heavily Indebted Poor Countries Initiative, Decision Point Document
Makes recommendations for decisions by the Executive Boards of the IMF and World Bank regarding: eligibility, timing of decision point under the Initiative, assistance required to reach the sustainability targets, and the agreed policy measures which when implemented would trigger the completion point. PDF File Size: 1041Kb
February 12, 2002 -- Sierra Leone Letter of Intent, February 12, 2002
This Letter of Intent of the government of Sierra Leone describes the policies that Sierra Leone intends to implement in the context of its request for financial support from the IMF.
November 17, 2001 -- Statement by Ms. Linah K. Mohohlo, Governor of the Bank of Botswana, at the International Monetary and Financial Committee, Ottawa, November 17, 2001
The International Monetary and Financial Committee statement on behalf of Angola, Botswana, Burundi, The Gambia, Kenya, Ethiopia, Eritrea, Lesotho, Liberia, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe
September 20, 2001 -- Press Release: IMF Approves In Principle US$169 Million Three-Year PRGF Arrangement for Sierra Leone
July 16, 2001 -- Interim Poverty Reduction Strategy Paper -- Joint Staff Assessment
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 566Kb
July 12, 2001 -- HIPC Enhanced Heavily Indebted Poor Countries (HIPC) Initiative - Preliminary Document
Provides a preliminary assessment of a country's eligibility for assistance under the HIPC Initiative, based on a Debt Sustainability Analysis, the track record of policy performance, and progress with developing a poverty reduction strategy. PDF File Size: 1120Kb
June 30, 2001 -- Sierra Leone--Interim Poverty Reduction Strategy Paper--Table of Contents, June 2001
Describes countries' macroeconomic, structural, and social policies to foster growth and reduce poverty in three-year economic adjustment programs supported by PRGF resources, as well as associated external financing needs and major financing sources.

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