Sierra Leone: Technical Assistance Report-Public Investment Management Assessment
IMF Staff Country Reports, May 7, 2021
Source details
- Canonical URL
- Sierra Leone: Technical Assistance Report-Public Investment Management Assessment
Other formats
Bibliographic details
- Published: May 7, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513572963.002
Major findings
- Sierra Leone has made significant strides to rebuild its public infrastructure after the civil war, but desperate infrastructure needs remain.
- At the end of the conflict in 2002, the country was left with virtually no infrastructure.
- Redevelopment of public infrastructure was ignited by the mining boom, which started in the late 2000s.
- Over the period 2008−18, public investment averaged 6.5 percent of gross domestic product (GDP).
- The above public investment has translated into an estimated capital stock of about 65 percent in constant 2011 GDP.
- The level of public investment is still lower than neighboring countries by about one percentage point.
- The level of capital stock per capita is one of the lowest in the region, only slightly above that of Liberia.
- Some districts still have no paved roads, no electricity, and no water systems, almost 20 years after the war.
Context and scope
- Timeframe emphasized: end of conflict in 2002; mining boom beginning in the late 2000s; public investment data over 2008−18.
- Geographic comparators: neighboring countries; regional comparison with Liberia.
Thematic subjects covered
- Budget planning and preparation
- Expenditure
- Infrastructure
- Monetary policy
- National accounts
- Public financial management (PFM)
- Public investment and public-private partnerships (PPP)
- Public investment spending
Keywords (as provided)
- Budget planning and preparation
- budget profile
- capital project
- efficiency frontier
- Infrastructure
- management institution
- moped Public Investment Management Department
- Public investment and public-private partnerships (PPP)
- Public investment spending
- Sub-Saharan Africa
- West Africa
International Monetary Fund. Fiscal Affairs Dept., "Sierra Leone: Technical Assistance Report-Public Investment Management Assessment", May 7, 2021.
Content in this bundle
- Public Investment Management Assessment mission, December 4–17, 2019