IMF Staff Country Reports

Sierra Leone : Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, Augmentation of Access, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone

Author/Editor:

International Monetary Fund

Publication Date:

July 21, 2009

Electronic Access:

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Summary:

This paper focuses on the Fourth Review for Sierra Leone under the Poverty Reduction and Growth Facility. Program performance in the second half of 2008 was mixed. Although economic activity slowed in the last quarter, real GDP grew at an estimated 5.5 percent for the year. A key challenge is to mobilize more domestic revenue by strengthening tax administration and broadening the tax base. The authorities are also moving to make the National Revenue Authority more efficient and raise taxpayer compliance.

Series:

Country Report No. 09/215

Subject:

Access to Fund general resources Announcements Economic indicators External shocks Financial sector Fiscal policy Fiscal reforms Flexible exchange rate policy Performance criteria modifications Performance criteria waivers Poverty Reduction and Growth Facility Staff Reports Tax administration