Sierra Leone: Poverty Reduction and Growth Strategy

IMF Staff Country Reports, November 22, 2024

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Sierra Leone: Poverty Reduction and Growth Strategy

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Bibliographic details

• Published: November 22, 2024
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400295935.002

Overview

• The Government of Sierra Leone (GoSL) has launched a new Medium-Term National Development Plan (MTNDP).
• The paper highlights Sierra Leone’s Poverty Reduction and Growth Strategy and draws on lessons from the implementation of the previous plan 2019-2023 to inform the current acceleration and transformative plan.
• The MTNDP aims to deliver a resilient and robust economy for Sierra Leone by 2030 and advance the country’s vision of becoming an inclusive and green middle-income country by 2039.

National goals and targets (2030)

• Five national goals for 2030 have been identified to accelerate progress toward the 2039 vision.
• Specific employment target:
  • Create 500,000 jobs for the youth by 2030.
  • At least a 30% representation of women in these jobs.
  • Jobs to include skilled and unskilled, long term, as well as seasonal positions across all sectors.
  • This target is directly related to Big 5.3.

Sector outcomes and constraints

• Agriculture:
  • The agriculture industry experienced modest growth.
  • Reliance on the domestic market has impeded the ability to expand agricultural exports.

Implementation lessons and policy implications

• Crucial lessons from the 2019-2023 plan are important for implementation of the current MTNDP to ensure acceleration and transformative outcomes.
• The strategy emphasizes the need for measures that support job creation across sectors, enhance female labor participation within the youth employment target, and address constraints to export expansion in agriculture.

Key statistics and identifiers cited in the paper

• Timeline and targets: 2019-2023 (previous plan); 2030 (MTNDP target year); 2039 (national vision year).
• Employment target: 500,000 jobs; 30% representation of women.
• Series and issue: IMF Staff Country Reports 2024, 323.

Source: Sierra Leone: Poverty Reduction and Growth Strategy (IMF Staff Country Reports 2024, 323).

Content in this bundle

• Sierra Leone: Poverty Reduction and Growth Strategy; IMF Country Report No. 24/323; November 2024
  • Sierra Leone: Poverty Reduction and Growth Strategy; IMF Country Report No. 24/323; November 2024 (Markdown version)
  • Sierra Leone: Poverty Reduction and Growth Strategy; IMF Country Report No. 24/323; November 2024 (PDF)