Sierra Leone: 2013 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility
IMF Staff Country Reports, November 22, 2013
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- Sierra Leone: 2013 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility
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Bibliographic details
- Published: November 22, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475513998.002
Macroeconomic performance (last five years)
- Real GDP growth averaged some 7 percent, driven by output expansion in agriculture, mining, and services, and the scaling-up of infrastructure investment.
- Important impediments to broad-based growth remain:
- large infrastructure gaps
- insufficient energy supply
- limited access to safe water and sanitation
Medium-term outlook and projections
- Medium-term prospects are positive.
- Growth is projected to remain robust, mainly driven by iron ore production and continued high public investment.
- Inflation is expected to decline further as monetary and fiscal policies remain prudent.
Fiscal and monetary policy stance
- Monetary and fiscal policies are characterized as prudent and are expected to contribute to disinflation (inflation declining further).
- The report’s subject coverage includes: Budget planning and preparation, Debt sustainability analysis, Expenditure, Fiscal policy, Public debt, Public financial management (PFM).