{
  "title": "Sierra Leone: 2013 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility",
  "publication": "IMF Staff Country Reports, November 22, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/sierra-leone-2013-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-41058",
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  "summary": "This 2013 Article IV Consultation highlights that Sierra Leone has made significant progress in macroeconomic stabilization over the last five years.",
  "sections": [
    {
      "heading": "Macroeconomic performance (last five years)",
      "content": "- Real GDP growth averaged some 7 percent, driven by output expansion in agriculture, mining, and services, and the scaling-up of infrastructure investment.\n- Important impediments to broad-based growth remain:\n  - large infrastructure gaps\n  - insufficient energy supply\n  - limited access to safe water and sanitation"
    },
    {
      "heading": "Medium-term outlook and projections",
      "content": "- Medium-term prospects are positive.\n- Growth is projected to remain robust, mainly driven by iron ore production and continued high public investment.\n- Inflation is expected to decline further as monetary and fiscal policies remain prudent."
    },
    {
      "heading": "Fiscal and monetary policy stance",
      "content": "- Monetary and fiscal policies are characterized as prudent and are expected to contribute to disinflation (inflation declining further).\n- The report’s subject coverage includes: Budget planning and preparation, Debt sustainability analysis, Expenditure, Fiscal policy, Public debt, Public financial management (PFM).\n\n---\n\n Content in this bundle\n\n- Cr13330\n  - Cr13330 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr13330 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 22, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475513998.002",
    "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:",
    "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.",
    "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).",
    "**Cr13330**"
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