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
July 25, 2008
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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.
Subject: Capital spending, Expenditure, External debt, Macrostructural analysis, Monetary base, Structural reforms, Total expenditures
Keywords: authority, Capital spending, CR, Global, ISCR, National Anti-Corruption Strategy, PRGF arrangement, staff appraisal, Structural reforms, Total expenditures, vote controller, year-on-year headline inflation
Pages:
82
Volume:
2008
DOI:
Issue:
249
Series:
Country Report No. 2008/249
Stock No:
1SLEEA2008001
ISBN:
9781451834611
ISSN:
1934-7685
