Sierra Leone: Ex Post Assessment of Longer-Term Program Engagement
IMF Staff Country Reports, December 20, 2010
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- Canonical URL
- Sierra Leone: Ex Post Assessment of Longer-Term Program Engagement
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Bibliographic details
- Published: December 20, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455212927.002
Summary and key findings
- The political and security focus has shifted from post-conflict needs to consolidating gains on peace and stability.
- Macroeconomic stability has been re-established.
- Debt relief has improved the debt sustainability outlook.
- These developments enabled a gradual switch in policy priorities toward creating an enabling environment for sustained growth.
- Continued attention to capacity-building is needed.
- The key fiscal objective is to improve revenue collection to create fiscal space for expanding priority spending.
- The parsimonious use of structural conditionality should continue.
- Collaboration with budget support donors should be further strengthened.
Fiscal policy and public-financial management
- Key fiscal objective: improve revenue collection to create fiscal space for expanding priority spending.
- Emphasis on public financial management (PFM) and expenditure prioritization to support growth-friendly spending.
Structural reforms, conditionality, and capacity building
- Recommendation: continue parsimonious use of structural conditionality.
- Recommendation: strengthen collaboration with budget support donors.
- Continued attention to capacity-building across institutions is highlighted as necessary.
Thematic coverage and subjects
- Subject areas listed: Budget planning and preparation, Central Banks, Civil service reform, Expenditure, Fiscal policy, International reserves, Labor, Macro-fiscal framework, Public financial management (PFM).
Metadata and publication note
- Publication date: December 20, 2010
- Format: IMF Staff Country Reports
Source: Sierra Leone: Ex Post Assessment of Longer-Term Program Engagement (IMF Staff Country Reports), December 20, 2010.