Sierra Leone: 2016 Article IV Consultation and Fifth Review Under the Extended Credit Facility and Financing Assurances Review and Request for an Extension of the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone
IMF Staff Country Reports, July 21, 2016
Source details
- Canonical URL
- Sierra Leone: 2016 Article IV Consultation and Fifth Review Under the Extended Credit Facility and Financing Assurances Review and Request for an Extension of the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone
Other formats
Bibliographic details
- Published: July 21, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498369213.002
Key economic outcomes (2013–2015)
- Growth declined from 20.7 percent in 2013, to 4.6 percent in 2014, and further to –21.1 percent in 2015.
- The budget is described as under severe pressure.
- Between mid-2014 and end-2015, the Leone depreciated 22 percent against the U.S. dollar.
- Banking sector vulnerabilities have increased.
- Living standards have deteriorated significantly since late 2014.
Medium-term outlook and growth projections
- Growth projected to recover to 4.3 percent in 2016.
- Growth projected to increase gradually to about 6.5 percent by 2020.
Structural and sectoral issues highlighted
- Subject areas covered: Budget planning and preparation, Commercial banks, Debt sustainability analysis, Expenditure, External debt, Financial institutions, Public financial management (PFM).
- Keywords included: authority, BSL plan, Budget planning and preparation, Commercial banks, CR, debt, Debt sustainability analysis, disbursement Sierra Leone, Ebola economic recovery plan, ECF arrangement, Global, ISCR, Sierra Leonean authorities.
Publication metadata and identifiers
- Pages: 125
- Volume: 2016
- Issue: 236
- Series: Country Report No. 2016/236
- DOI: https://doi.org/10.5089/9781498369213.002
- Stock No: 1SLEEA2016001
- ISBN: 9781498369213
- ISSN: 1934-7685
- Publication date on page: July 21, 2016
- Format note: IMF Staff Country Reports
Source: Sierra Leone: 2016 Article IV Consultation and Fifth Review Under the Extended Credit Facility and Financing Assurances Review and Request for an Extension of the Extended Credit Facility — IMF staff report landing page.