Sierra Leone: 2024 Article IV Consultation and Request for a 38-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Sierra Leone
IMF Staff Country Reports, November 22, 2024
Source details
- Canonical URL
- Sierra Leone: 2024 Article IV Consultation and Request for a 38-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Sierra Leone
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Bibliographic details
- Published: November 22, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400295829.002
Overview
- Presents Sierra Leone’s 2024 Article IV Consultation and Request for a 38-Month Arrangement under the Extended Credit Facility (ECF).
- The ECF-supported program aims to restore stability, support inclusive growth, confront corruption, and strengthen governance, institutions, and the rule of law.
- The new ECF arrangement integrates with the National Development Plan 2024–30.
Program objectives and pillars
- Restore macroeconomic stability by:
- Bolstering debt sustainability.
- Addressing fiscal dominance.
- Bringing down inflation.
- Rebuilding reserves.
- Support inclusive growth through:
- Reforms and targeted social spending.
- Promoting gender equality.
- Building a strong social safety net.
- Strengthen governance, institutions, and the rule of law, and confront corruption.
Fiscal policy measures (as described)
- Tighten fiscal policy through:
- Enhancing revenue mobilization.
- Boosting spending efficiency.
- Strengthening public financial management and debt management.
Monetary and financial sector measures
- Maintain appropriately tight monetary policy.
- Maintain a flexible exchange rate.
- Strengthen financial sector oversight and regulation.
- Build a strong financial safety net.
Structural and institutional reforms
- Promote gender equality.
- Strengthen customs administration.
- Build a strong social safety net.
- Bolster governance, institutions, and the rule of law.
- Confront corruption.
Key statistics and publication metadata
- Publication date: November 22, 2024
- Pages: 161
- Volume: 2024
- Issue: 321
- Series: Country Report No. 2024/321
- DOI: https://doi.org/10.5089/9798400295829.002
- Stock No: 1SLEEA2024001
- ISBN: 9798400295829
- ISSN: 1934-7685
- Subjects: Arrears, Budget planning and preparation, External debt, Public debt, Public financial management (PFM)
- Keywords: Africa, Arrears, BSL rate, Budget planning and preparation, cabinet minute, Global, IMF staff representative, review of bank, staff appraisal
Source: Sierra Leone: 2024 Article IV Consultation and Request for a 38-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Sierra Leone, November 22, 2024.
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