## Sierra Leone: Request for a Three–Year Arrangement Under the Poverty Reduction and Growth Facility

_IMF Staff Country Reports, May 24, 2006_

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**Canonical URL:** [Sierra Leone: Request for a Three–Year Arrangement Under the Poverty Reduction and Growth Facility](https://www.imf.org/en/publications/cr/issues/2016/12/31/sierra-leone-request-for-a-threeyear-arrangement-under-the-poverty-reduction-and-growth-19262)

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## Bibliographic details
- Published: May 24, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451834550.002

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### Summary
- This paper discusses Sierra Leone’s Request for a Three-Year Arrangement under the Poverty Reduction and Growth Facility (PRGF).
- Sierra Leone has made considerable progress during the last PRGF-supported program toward macroeconomic stability.
- Macroeconomic performance was generally strong.
- Structural reforms sought to establish a foundation for sound public finances and the effective conduct of macroeconomic policies.
- There were slippages in fiscal performance in 2005, but the government took corrective actions during the last quarter of the year to bring performance in line with the budget.

### Macroeconomic performance and structural reforms
- Progress toward macroeconomic stability was noted over the previous PRGF-supported program.
- Macroeconomic performance described as "generally strong."
- Structural reforms aimed at:
  - Establishing a foundation for sound public finances.
  - Enabling the effective conduct of macroeconomic policies.

### Fiscal slippages and corrective actions
- Fiscal slippages occurred in 2005.
- The government implemented corrective actions during the last quarter of 2005.
- Corrective actions brought fiscal performance back in line with the budget.

### Subjects and keywords
- Subject: Asset and liability management; Debt relief; Expenditure; Poverty; Poverty reduction strategy; Public financial management (PFM); Total expenditures
- Keywords: anti-corruption effort; CR; Debt relief; disbursement; GDP; inflation; ISCR; Poverty reduction strategy; PRGF arrangement; PRGF loan; PRGF-supported program; Sierra Leonean authorities; Sub-Saharan Africa; Total expenditures; West Africa

*International Monetary Fund. "Sierra Leone: Request for a Three–Year Arrangement Under the Poverty Reduction and Growth Facility", IMF Staff Country Reports 2006, 183 (2006).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/sierra-leone-request-for-a-threeyear-arrangement-under-the-poverty-reduction-and-growth-19262_