Sierra Leone: First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone
IMF Staff Country Reports, July 9, 2019
Source details
- Canonical URL
- Sierra Leone: First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone
Other formats
Bibliographic details
- Published: July 9, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498324885.002
Macroeconomic overview and program status
- Actions by the new government since taking office in April 2018 helped to stabilize macroeconomic conditions, but the situation remains challenging.
- Overall growth remained subdued.
- While elevated, inflation is tracking down.
- Program performance is broadly on track, though progress on structural measures has been slower than anticipated.
Fiscal outcomes and quantitative targets
- Healthy revenues and significant underspending resulted in a lower-than-programed fiscal deficit.
- All quantitative targets were met, except:
- the end-December performance criterion on net domestic assets (NDA) of the central bank
- the end-March indicative target on poverty-related spending
Report metadata and classification
- Subject: Arrears, Expenditure, External debt, Fiscal risks, Public debt, Public financial management (PFM)
- Keywords: agenda, Arrears, authority, CR, ECF arrangement, Fiscal risks, Global, government procurement, government's reform agenda, headline arrears amount, ISCR, Medium-Term debt management strategy
- Pages: 74
- Volume: 2019
- Issue: 217
- Series: Country Report No. 2019/217
- DOI: https://doi.org/10.5089/9781498324885.002
- Stock No: 1SLEEA2019001
- ISBN: 9781498324885
- ISSN: 1934-7685
- Publication date on landing page: July 9, 2019
Source: Sierra Leone: First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of Performance Criterion, and Financing Assurances Review — IMF Staff Country Report No. 2019/217 (July 9, 2019).
Content in this bundle
- 1sleea2019001