{
  "title": "Sierra Leone: Third and Fourth Reviews Under the Extended Credit Facility Arrangement, Requests for Extension and Rephasing of the Arrangement, Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone",
  "publication": "IMF Staff Country Reports, August 13, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/08/12/sierra-leone-third-and-fourth-reviews-under-the-extended-credit-facility-arrangement-463809",
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  "summary": "Following two emergency Rapid Credit Facility disbursements in June 2020 and March 2021 to assist in addressing the impact of the COVID-19 pandemic, the Sierra Leonean authorities are committed to resuming the program supported by the Extended Credit Facility arrangement.",
  "sections": [
    {
      "heading": "Summary and program status",
      "content": "- Following two emergency Rapid Credit Facility disbursements in June 2020 and March 2021 to assist in addressing the impact of the COVID-19 pandemic, the Sierra Leonean authorities are committed to resuming the program supported by the Extended Credit Facility arrangement.\n- The program is an important policy anchor for the authorities.\n- The program’s main objectives—revenue mobilization, safeguarding financial stability, and addressing external vulnerabilities—remain valid."
    },
    {
      "heading": "Economic outlook and risks",
      "content": "- An economic recovery is underway, driven by the mining sector.\n- Risks to the outlook are considerable.\n- The risk of debt distress is high but remains sustainable.\n- External vulnerabilities are expected to persist over the medium term."
    },
    {
      "heading": "Financing and sustainability",
      "content": "- Sustainability of debt and program prospects are predicated on the authorities’ ambitious fiscal adjustment and continued reliance on concessional financing and grants.\n- The report includes a financing assurances review and addresses financing pressures and the financing situation facing Sierra Leone."
    },
    {
      "heading": "Subjects and keywords (as listed in the source)",
      "content": "- Subjects: Arrears, Budget planning and preparation, Credit, External debt, International organization, Monetary policy, Money, Public debt, Public financial management (PFM)\n- Keywords: Arrears, Budget planning and preparation, Credit, ECF disbursement, Extended Credit Facility arrangement, financing assurances review, financing pressure, financing situation, Global, priority expenditure, Sierra Leonean authorities\n\n---\n\n Content in this bundle\n\n- 1sleea2021003\n  - 1sleea2021003 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1sleea2021003 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 13, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513590783.002",
    "Following two emergency Rapid Credit Facility disbursements in June 2020 and March 2021 to assist in addressing the impact of the COVID-19 pandemic, the Sierra Leonean authorities are committed to resuming the program supported by the Extended Credit Facility arrangement.",
    "The program is an important policy anchor for the authorities.",
    "The program’s main objectives—revenue mobilization, safeguarding financial stability, and addressing external vulnerabilities—remain valid.",
    "An economic recovery is underway, driven by the mining sector.",
    "Risks to the outlook are considerable.",
    "The risk of debt distress is high but remains sustainable.",
    "External vulnerabilities are expected to persist over the medium term.",
    "Sustainability of debt and program prospects are predicated on the authorities’ ambitious fiscal adjustment and continued reliance on concessional financing and grants.",
    "The report includes a financing assurances review and addresses financing pressures and the financing situation facing Sierra Leone.",
    "Subjects: Arrears, Budget planning and preparation, Credit, External debt, International organization, Monetary policy, Money, Public debt, Public financial management (PFM)",
    "Keywords: Arrears, Budget planning and preparation, Credit, ECF disbursement, Extended Credit Facility arrangement, financing assurances review, financing pressure, financing situation, Global, priority expenditure, Sierra Leonean authorities",
    "**1sleea2021003**"
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