Sierra Leone: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Waiver of Nonobservance of Performance Criterion
February 16, 2007
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The 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility of Sierra Leone reviews sustainability of higher economic growth and reduction of poverty. Sierra Leone has made progress in improving governance and transparency, but much remains to be done, particularly in the area of governance. Reforms guided by the recommendations of the recent Financial Sector Assessment Program should be given high priority. The authorities concurred that future borrowing should be limited to concessional terms to avoid another build-up of unsustainable debt.
Subject: Asset and liability management, Capital spending, Debt relief, Expenditure, External debt, Fiscal policy, Fiscal stance, Real effective exchange rates, Total expenditures
Keywords: authority, Capital spending, CR, debt ratio, Debt relief, development expenditure, exchange rate, Fiscal stance, ISCR, poverty, progress places Sierra Leone, SDR, Sierra Leonean authorities, Sub-Saharan Africa, Total expenditures
Pages:
86
Volume:
2007
DOI:
Issue:
068
Series:
Country Report No. 2007/068
Stock No:
1SLEEA2007005
ISBN:
9781451834604
ISSN:
1934-7685
